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Dynamic quotes 
OFFON

Laurent
Polsinelli

Index and derivatives Analyst
By the same author
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S&P 500 : Week ends on low note due to trade concerns

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05/17/2019 | 10:04am EDT

Opinion: Under surveillance. Monitor the exit of the range 2858 PTS/ 2890 PTS






After finishing up 0.89% at 2876 points yesterday, driven by some good statistics (PhillyFed index, housing starts and weekly unemployment registrations) and the deferral of the surtax on the European automotive sector, the S&P500 index is expected to fall by 0.7%.

Operators are expected to opt for further decommitments on the eve of the weekend, with continued trade tensions between Beijing and Washington.

On the macroeconomic level, the leading indicators and the Michigan index (consensus 97.8) will be published today.

In hourly data, the S&P500 remains in a recovery phase and maintains a bullish bias above 2858 points. In the very short term, the direction of exit of the 2858/2890 points should be decisive. A relapse below the moving average would argue for a rapid return to recent lows.

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.08% 27001.98 Delayed Quote.15.75%
NASDAQ 100 -0.29% 7920.208817 Delayed Quote.23.92%
NASDAQ COMP. -0.30% 8124.183658 Delayed Quote.21.43%
S&P 500 -0.20% 2989.69 Delayed Quote.19.26%

Laurent Polsinelli
© MarketScreener.com 2019
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