S&P 500 index is back on a growth path after a large-scale sales in the previous two weeks. The depth of the fall observed does not correspond to the quality of macroeconomic statistics, but the movements themselves are largely emotional. In the coming week will be published the latest data on the PMI index in industry, the service sector and the labor market, which can be quite positive and contribute to the growth.
S&P 500 futures managed to gain a foothold above the 50-hour moving average and test resistance around 1960. We believe that they may be of interest to search for long positions in the case of downward correction in the region in 1925.
|S&P 500 chart|