S&P 500
S500
Real-time World - 03/24 09:10:00 pm
2343.98pts
-0.08%

-0.2% expected after the US GDP

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09/29/2016 | 03:22 pm
Opinion : Bearish under 2180 
Target price : 2155 
After the agreement of OPEC members about a drop in oil production, the S&P 500 closed up 0.53% at 2171 points yesterday. Today, this index should open lower by 0.2%.

The weekly unemployment claims allowance came out at 254K VS 260K expected and US GDP rose by 1.4% while the consensus expected 1.3%. Pending homes sales will be unveiled at 10AM and Janet Yellen will speak at 4.00PM.

In hourly data, no change, we will wait the release of the 2139/2180 points to act one way or another. A return at 2155 points could be a first bearish signal.
Patrick Rejaunier
Zonebourse.com 2017
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