S&P 500
Delayed USA - 01/17 10:47:19 pm

Initial rise 0.7%

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10/18/2016 | 09:23 am
Opinion : Check out the trading range breakout 2117 / 2150 
After finishing slightly down 0.3% to 2126 points yesterday after bad figures and oil decline, the S&P500 should open up 0.8%.

As for statistics, the CPI came out up 0.1% against + 0.2% expected. The NAHB housing market index will be released at 10AM.

Prudence could stay required before the Beige Book from the Fed tomorrow and the decision of the ECB's monetary policy Thursday.

Technically, the S&P 500 remains in a horizontal consolidation. We will continue to monitor the output of the 2117/2150 points to act one way or another.
Sébastien Gatel
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