|Delayed - 06/18 05:09:52 pm|
Trump wakes up the "Bears"
|12/03/2019 | 09:01am|
Opinion : Bearish under 3125
Target price : 3070
American stocks dropped sharply in yesterday's session to finish at 3113 points (-0.86%) on the S&P500. Trump's new interventions on world trade have put some stress back into the stock market, a stress that had surprisingly disappeared in investors' attitudes over the past month. The selling consensus therefore resumes its domination even if the underlying trend remains positive.
During the day, operators will be able to focus exclusively on tweets from the White House, as no macroeconomic statistics will be published.
Graphically, in hourly data, prices have returned to the 100-hour moving average. Its downward crossing would pave the way for another downward target with 3098 points and then by extension to 3070 points. A relaunch above 3125 points would be required to eliminate the risks of a deterioration in the configuration in the short term.