S&P 500
Real-time World - 09/25 10:10:00 pm

Down 0.55% in early trade

Envoyer par e-mail
10/13/2016 | 02:37 pm
Opinion : Bearish under 2152 
Target price : 2120 
Pending the next corporate results, the S&P500 ended slightly up 0.11% to 2139 points yesterday, while the FOMC minutes did not bring any surprises. US interest rates could rise "relatively soon" (70 per cent chance of a December rate hike).
The S&P500 should open lower by 0.55% today, with European markets because Chinese exports crashed 10 per cent from a year earlier.

On the macroeconomic front, the unemployment claims came out at 246K VS 252K expected. Crude oil inventories will be announced at 11AM.

Graphically, configuration remains bearish under the 2152 points. The S&P500 index is expected to test the opening major support area at 2120 points. This area will need to trigger a positive reaction or we will assist to a further movement towards 2107/2098 points.
Laurent Polsinelli
Zonebourse.com 2018
Envoyer par e-mail