S&P 500 : The rebound is confirmed
Bullish above 2865 PTS
Target price: PTS
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Taking advantage of the rebound in bond yields, hopes for a new move by the Fed and a lull in trade negotiations, the S&P500 index finished up 1.44% to 2888 points last Friday.
In the absence of a macroeconomic release, the S&P500 Index is expected to continue its recovery today and open up by 1%.
Initiatives could remain limited before Fed minutes on Wednesday and the Jackson Hole summit on the weekend.
Graphically, the American index confirms its recovery trend and should test today the 2920-point zone mentioned recently. Above this course area, we can aim for 2944 points
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