S&P Analysis

[Tint]

The S&P confirmed a positive closing while remaining interior the range of the previous session forming a new inside day with 1366,50 – 1337,50 the levels to follow in the coming hours. The indicators of the daily chart are well negative but those of the s/t ones turned all above the line following the rebound. The move up already favoured attest of the 200 hours line at 1362,79 with even an overshooting suggesting a test of the 1365 resistance area . the indicators of the hourly chart show already an overbought situation. We suggest however waiting for a possible 1370 overshooting before selling. Today anything can happen!! Read more Stock Market News

[Tint]

The S&P confirmed a session of consolidation interior Friday’s range forming a new inside day with 1370,00 – 1356,50 the levels. It already confirmed an overshooting this morning suggesting further upside potential but forming also a gap up area. The indicators of the daily chart are however still below the line but a strong closing tonight could turn them up. Those of the s/t ones are positive with bearish divergences supporting a positive tone. Possible therefore further strength; however in case of a 1380 overshooting before the US opening we will try a short position for a retest of the 1370 area!!