S&P 500 : In the green, optimism persists
By Laurent Polsinelli
Check out the trading range breakout 2960 / 2990 |
The US index had ended slightly down by 0.24% to 2977 points yesterday...
>>Macroeconomic, household spending and income, core PCE index and durable goods orders (consensus -1.1%) will be published at 2:30 pm and Michigan’s confidence index at 4:00 pm.
Graphically, the configuration remains unchanged, the S&P500 index continues to oscillate within the 2960/3028 point range. Only the lowering of the 2960 points suggested would suggest more marked dislocations towards the 2940 points initially or even 2921/2908 points per extension.On the other hand, the passing of the 2990 points, the convergence zone of the moving averages at 50 and 100 hours, would be a good omen for a continuation of the catch-up towards the 3005 points, the last rampart before the highest historical levels