S&P 500: Google can send indexes down

By | April 24, 2016

Fundamental grounds

US stock indexes do not feel very confident as to the absence of important macroeconomic statistics, market participants are beginning to believe that growth could turn out to be unnecessarily strong in the past few weeks. Negative adds Google and poor quarterly report, EPS which was 6.02 against the dollar, 6.3 dollar median forecasts.

We believe that in case of overcoming of important technical support levels in the index futures may be short-term interests for short positions.

Technical grounds

Deviation S & P 500 (ES) from the 50-day moving average is 3.0%. This is an area of high risk, which often begin correction. Sell in the case of overcoming the 200-hour moving average.

S&P 500 chart

S&P 500 chart

Warning: Profitability in the past does not mean profitability in the future. Any projections are for information only and does not guarantee a result.

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One thought on “S&P 500: Google can send indexes down

  1. Dotty

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    Reply

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