S&P 500

SP500
Delayed Quote. Delayed  - 09/29 05:06:57 pm
3335.47PTS -0.48%

In the red just like Europe

09/25/2019 | 07:55am
Opinion : Bearish under  3028
Target price :  2940
Trade tensions (with the harsh tone adopted by D. Trump against Chinese trade policy considered unfair) and the opening of an investigation for the dismissal of the US President on the current trend in Europe. 
While European indices have been increasing their losses since the opening, the S&P500 index should start the session down by 0.2%. 
The American index had already dropped to 0.84% at 2966 points yesterday. 

Summary statistics show that operators expect new home sales at 4pm and oil stocks at 4:30pm.


Graphically, the S&P500 came out at the bottom of the 2985/3028 point zone and thus began a consolidation movement. In the absence of a preservation of 2960 points, it can be expected that the decline will continue towards 2940 points in the first instance. Below this level, the downward targets would then be set at 2921/2908 points and then 2890 points.


 


Laurent Polsinelli
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