S&P 500

Real-time Estimate Quote. Real-time Estimate  - 10/19 06:20:27 pm
3470.48PTS -0.38%

In the green, optimism persists

09/27/2019 | 08:01am
Opinion : Check out the trading range breakout  2960/  2990
Despite uncertainties over trade and US political tensions, the S&P500 index is expected to rise by 0.3% today, in the wake of European markets.
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
Laurent Polsinelli
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