S&P 500: Open by a decrease of 0.2% today
Published on 10/09/2014
at 06:50 pm IST
Bearish under 1975 PTS Target Price: 1927 PTS |
After finishing up sharply by 1.75% to 1968 points yesterday, the S&P 500 is expected to open down 0.2% today.
Yesterday, operators have welcomed the FOMC Minutes, which has mentioned global slowdown signals. It said, that the rising dollar should help to contain inflationary pressures, which could delay a possible increase of interest rates.
As for statistics, weekly jobless claims has been published at 287K against 291K expected. At 10:00 AM EDT, will be unveiled Wholesale Inventories anticipated by an increase of 0.3%.
From a technical point of view, as mentioned yesterday, the momentum remains bearish in hourly data under 1975 points.
Only the breakout of this level, corresponding to a 50% retracement of the previous downtrend, would argue for a recovery towards the 2,000 points and 2,020 points.
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2014
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