S&P 500 : In a waiting situation before the Fed
Check out the trading range breakout
3022 / 3050
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Against a backdrop of optimism about Sino-American trade negotiations, when an agreement could be signed earlier than expected, the S&P500 index set a new absolute record yesterday and closed up by 0.56% to 3039 points. The latter should follow Europe's lead and open slightly lower by 0.1% today, pending the Fed's decision on rates tomorrow and the first US growth estimate for Q3 (consensus 1.6%).
>In terms of statistics, the Case Shiller index rose by 2% (consensus 2.1%). Operators expect at 3pm, the Conference Board index, anticipated at 128.2 as well as housing sales promises (consensus 0.9%).
>Graphically, the dynamic remains positive above 3022 points, level corresponding to the moving average at 8pm. As long as this threshold is maintained, the 3050 points will remain in focus.
![In a waiting situation before the Fed](/graf/as29474806.gif)
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