S&P 500

Delayed USA - 10/18 11:08:57 pm

In the green, optimism persists

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09/27/2019 | 08:01 am
Opinion : Check out the trading range breakout 2960 / 2990 
Despite uncertainties over trade and US political tensions, the S&P500 index is expected to rise by 0.3% today, in the wake of the European markets.24% to 2977 points yesterday.  At the macro-economic level, household spending and income, the core PCE index and durable goods orders (consensus -1.1%) will be published at 2:30 pm and then the Michigan confidence index at 4 pm. Graphically, the configuration remains unchanged, the S&P500 index continues to oscillate within the 2960/3028 point range. On the other hand, the passing of the 2990 points, the convergence zone of the moving averages at 50 and 100 hours, would be a good sign for a continuation of the catch-up towards the 3005 points, the last rampart before the highest historical levels. 
Laurent Polsinelli
Zonebourse.com 2019
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