S&P 500

Real-time Estimate Quote. Real-time Estimate  - 10/28 04:13:33 pm
3297.09PTS -2.76%

Initial decline of 0.1%

10/31/2019 | 09:09am
Opinion : Check out the trading range breakout  3022/  3050
After ending up 0.33% higher at 3046 points yesterday, following the 25 basis points drop in key rates announced by the Fed, the S&P500 index should start the session slightly lower by 0.1% amid uncertainties about a trade agreement between China and the United States.These announcements also show the trend in Europe, following new annual records at the beginning of the session. 

>Summer statistics show that weekly unemployment registrations have risen to 218k (consensus 215k), household spending is only up by 0.2% (0.3% anticipated) and household incomes are in line with expectations, +0.3%. 

Graphically, the trend remains upward in hourly data above 3022 points and only a drop below this level would militate for the start of a consolidation towards 3000 points and then 2985 points. 

Laurent Polsinelli
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