S&P 500

SP500
Real-time Estimate Quote. Real-time Estimate  - 10/19 06:27:09 pm
3468.53PTS -0.44%

Broad trend of indecision

Mid-term Analysis published on 10/10/2019 | 05:40am
Despite a still very uncertain dispute, American values remain in a historical area. Admittedly, the major Wall Street index fell by 2% over the last sliding month, but this variation is taking place in a technical environment that still shows no negative signs Marathon Petroleum achieved the best performance during this reference period, with an advance of 11.1%, an increase reflecting the enthusiasm of analysts for the stock. Lennar Corporation, which operates in the real estate sector, also posted a positive score of +10.1%. On the other hand, DXC Technology is up by more than 26%, following downward revisions of its outlook, bringing its annual decline to more than 50%.

Technically, on a daily basis, prices stabilize in a broad lateral trend, a configuration that has been going on for more than 4 months. All moving averages confirm this graphical neutrality with flat orientations. The extremities of the corridor in which the S&P500 is flying are clearly identified. The 2840-point lower bollard was used as a support on several occasions and the resistance of the 3025 points did not allow the access index to other targets.

Patrick Rejaunier
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