S&P 500 : Near the equilibrium after US GDP
Check out the trading range breakout
2132 / 2154
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After finishing slightly down 0.3% at 2133 points in the wake of mixed results from major US companies and tensions on the bond market, the S&P500 should start the session close to balance.
The first estimate of US GDP for the third quarter came out at +2.9% VS +2.5% expected.
As for statistics, only the Michigan consumer sentiment will be released at 10AM, the consensus expects 88.2.
Technically, the S&P500 remains in an horizontal consolidation between 2132/2154 points. That's why we will wait to act.
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