The S&P 500 has surprisingly opened higher on Monday despite negative headlines out of China. The Chinese central bank cut several important interest
that may also color the Fed Chair’s speech are Wednesday’s S&P Global Manufacturing and Services PMIs and Thursday’s Durable Goods Orders. Market consensus has the August Manufacturing PMI improving 40 basis points to 49.4 and the Services PMI remaining flat at 52.3. July Durable Goods Orders are expected to arrive at -4% compared with June’s 4.6%.
Traders should expect to see the index at least move to the 100-day SMA – near 4,300 at the time of writing. That support level would make sense as well since it sits between support at 4,325 and the top of the earlier resistance band of 4,200. The S&P 500 is already trading at 34 on the Relative Strength Index . Despite the fact that the RSI appears to be nearing “oversold” status on the daily RSI, the weekly RSI on the weekly chart below offers a reading of 55.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cryptocurrency Market News - Bitcoin and Altcoins NewsReal-time cryptocurrency market news, Bitcoin and Altcoins, and the latest trading updates. What you need to know now about the Ethereum, Ripple, Bitcoin Cash and Litecoin, among other.
Leer más »
Cryptocurrency Market News - Bitcoin and Altcoins NewsReal-time cryptocurrency market news, Bitcoin and Altcoins, and the latest trading updates. What you need to know now about the Ethereum, Ripple, Bitcoin Cash and Litecoin, among other.
Leer más »
Coinbase's Incubated Base Blockchain Attracts Over 500 Scam Tokens: ReportScam tokens generated nearly $3.7 million in trading volume on decentralized exchanges on the Base network.
Leer más »
Review: Arena rockers Duran Duran play intimate benefit show for 500 fansDuran Duran treated fans to a memorable evening of music during a benefit concert at the Guild Theatre in Menlo Park.
Leer más »
Luxury brands Vera Wang, Frato bring new energy to East Midtown’s 500 Park Ave.Reflecting the new energy in East Midtown, two major luxury names are coming to 500 Park Ave. at East 59th Street, which consists of the 11-story former Pepsi-Cola building and a 40-story condo tow…
Leer más »
S&P 500 futures are little changed Sunday after another losing week: Live updatesInvestors are coming off a third straight losing week for the Nasdaq Composite for the first time since December.
Leer más »