S&P 500: Tiny decrease exepected
Published on 02/11/2015
at 01:58 pm GMT
Bearish under 2070 PTS Target Price: 2040 PTS |
Despite the fall of oil yesterday, the S&P 500 closed up 1.07% at 2068 points supported by expectations of a Greek debt agreement.
It should open lower by 0.2% today in the wake of European markets whereas the Eurogroup meeting will be held in Brussels this evening.
As for statistics, weekly oil inventories will be released at 10:30 AM EST.
Graphically, no change, the S&P 500 has rallied yesterday the 2070 points area, and is expected to fall below that level today. As long as this resistance is not crossed, we keep a bearish bias with the 2040 and 2020 points as main targets.
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2015
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