S&P 500

SP500
Real-time Estimate Quote. Real-time Estimate  - 10/19 06:06:12 pm
3468.81PTS -0.43%

Uncertainties remain about trade and Brexit

10/16/2019 | 08:03am
Opinion : Check out the trading range breakout  2963/  3005
After ending up 1% higher at 2995 points yesterday, in the wake of good quarterly publications of US banking stocks, the S&P500 index is expected to open slightly lower by 0.1% today. 
European markets are evolving in a dispersed order, with persistent uncertainties about Brexit and international trade.

>On the statistical side, operators expect retail sales (consensus 0.3%) then corporate inventories and the NAHB index of house prices. Then it will be unveiled in the Fed’s Beige Book tonight.


Graphically, the trend remains upward above 2963 points, the upper bound of a gap left open last. The direction of exit of the 2963/3005 points will make it possible to anticipate a rapid return to historical records, or on the contrary, the beginning of a new phase of consolidation towards the 2948 points then 2918 points. 

Laurent Polsinelli
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