S&P 500: Tiny decrease exepected
Published on 02/04/2015
at 02:09 pm GMT
Bearish under 2065 PTS Target Price: 2025 PTS |
While European places are into the red today in the wake of the oil price decline, the S&P 500 should open slightly down by 0.3%.
It had ended sharply up by 1.3% to 2050 points yesterday, supported by the oil rebound and mergers rumors in the distribution sector.
As for statistics, the ADP Non-Farm Employment Change has reported only 213,000 jobs creation against 224,000 expected. The ISM Non-Manufacturing index anticipated at 56.6 will be released at 10 AM EST.
Graphically, the S&P 500 began a technical recovery in recent sessions on the 1990 point area. However the 2065 points have to be broke-out to have a new bullish potential towards 2040 points.
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2015
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