S&P 500 : New clearances in sight in Wall-Street
Check out the trading range breakout
2822 / 2894
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Financial markets are back in the red again today with persistent uncertainties about trade, growing fears of recession (reversal of the yield curve) and the likelihood of a Brexit without agreement. After finishing slightly down 0.32% to 2869 points yesterday, the S&P500 index should open down 0.4%.
As for statistics, only oil stocks will be revealed at 4:30 pm, the consensus is -2.8M.
Graphically, the S&P500 remains in a phase of horizontal consolidation and will now have to move out of the 2822/2894 point range to regain a strong momentum. We'll wait until we get out of this range to act one way or the other.
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