Market Pulse on April 11th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2642,19 -14,68.

The stock market gave up some ground after the sharp run up of the previous day. Despite the dark background of trade and syrian wars, the market held pretty well. This cloudy environment is helping our sentiment indicators and the weekly survey among private investors gave a buy signal. Only 26% of the respondents are bullish compared to a high of 60% reached at the end of the month of January, the top of the market. The S&P 500 is struggling against a resistance at 2650 and technically, the pattern looks like an ascending triangle, a potential bullish configuration. Most trading models used by sysmetatic traders have still not turned up yet but are close to ignite a buy signal.

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