S&P 500

SP500
Real-time Estimate Quote. Real-time Estimate  - 10/19 06:02:36 pm
3469.38PTS -0.41%

Against the tide of Europe

10/01/2019 | 07:53am
Opinion : Check out the trading range breakout  2940/  2985
Pending several data concerning the US manufacturing activity and the intervention of various Fed members, the S&P500 index should move against the current of Europe and open up by 0.2%. The U.S. index ended up 0.5% to 2976 points yesterday, driven by technology stocks and hopes for a lull on the trade front.
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Summary of statistics, operators will be informed at 15:45 of the Final Manufacturing PMI Index, expected at 51, then of the Manufacturing ISM at 16:00, anticipated at 50.4 (49.1 last month). At the same time, construction expenses will be published, which should increase by 0.5%.


Graphically, no change, the S&P500 index remains in a phase of horizontal consolidation and will now have to emerge from the 2940/2985 points zone to regain a strong dynamic. A new test of the upper bound of this range at the opening should be defined.

Laurent Polsinelli
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