Closing up by 0.65% at 1940 points yesterday, welcoming measures announced by the ECB, the S&P 500 should open today at higher places with an initial gain of 0.2%.

According to monthly unemployment rate, the American labor market advances as expected, with 6.3% released against forecasts of 6.4%. On the other hand, the non-farm payrolls registered 217K new job creations while the consensus reckoned 214K. Figures from last month were downwardly revised to 282K versus 288K previously published.

Graphically, the dynamic is visibly bullish on hourly data over the 1930 points, level that corresponds to the 20-hours moving average, the main support since a number of sessions. As this level is preserved in hourly closing, the extension of this positive evolution could be expected, with 1950 points as the next target. If the index goes below 1930 points, first bearish targets would be set close to 1910/1900 points.