S&P 500
Real-time World - 09/21 10:10:00 pm

-0.2% at the opening

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10/11/2016 | 03:27 pm
Opinion : Check out the trading range breakout 2139 / 2180 
Without major news yesterday, the S&P500 regained color and closed at 2163 points (+0.46%)

It is expected a slight decrease of 0.2% today, traders moved cautiously while the quarterly earnings season has just started with Alcoa. The aluminum giant reported net profit in the third quarter of USD 166 million. In contrast, sales fell more than expected at USD 5.21 billion. As consequence, in pré-market, the stock is falling more than 4.5%.

Technically, the S&P500 remains in an horizontal consolidation phase for several days. We will continue to monitor the output of the 2139/2180 points to act.
Sébastien Gatel
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