S&P 500

SP500
Real-time Estimate Quote. Real-time Estimate  - 10/19 05:56:56 pm
3472.84PTS -0.31%

Slight increase in first exchanges

09/30/2019 | 08:28am
Opinion : Check out the trading range breakout  2940/  2985
American political uncertainties and rumours of Chinese listed companies withdrawing from American markets have weighed on the trend last Friday in Wall-Street, such as the S&P500, which ended in a decline of 0.53% to 2961 points. 
Technological stocks were also impacted by Micron Technology’s disappointing outlook (-11.09%) and Nasdaq100 ended down 1.16%.

Today, the S&P500 index should recover a few colors (+0.3%), at the dawn of a week full of macro-economic publications.., operators will also keep their eyes on trade, with the resumption of negotiations on 10 October.

>>Only the Chicago PMI index will be published in the United States, the consensus table on 50.

From a technical point of view, the S&P500 remains in the consolidation phase, returning to a first hinge zone located around 2940 points, corresponding to the lower boundary of a gap left open on September 5. Only the lowering of this level would militate for more marked dislocations towards the 2921/2908 points, bounds of a second gap left open, or even 2890 points by extension. 
A downward bias will remain for the moment privileged under the 2985 points (moving average; 50 hours). 
Laurent Polsinelli
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