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

Near the equilibrium after US GDP

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10/28/2016 | 03:33 pm
Opinion : Check out the trading range breakout 2132 / 2154 
After finishing slightly down 0.3% at 2133 points in the wake of mixed results from major US companies and tensions on the bond market, the S&P500 should start the session close to balance.

The first estimate of US GDP for the third quarter came out at +2.9% VS +2.5% expected.

As for statistics, only the Michigan consumer sentiment will be released at 10AM, the consensus expects 88.2.

Technically, the S&P500 remains in an horizontal consolidation between 2132/2154 points. That's why we will wait to act.
Sébastien Gatel
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