Market Pulse on May 31st

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2705.27 -18,74.

The stock market continues to tread water in a tight range, The S&P 500 couldn’t surpass the resistance at 2740 whereas the Nasdaq Composite Index reached 7500 before closing near the lows of the day, a kind of one day reversal pattern that may well mark the end the upmove that started at the end of the month of April. In summary, the global picture is bleak and we’ll have to wait for further market action to draw definite conclusions. Our indicators reflect this situation as the risk profile index of the market is hovering around the neutral level.

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