(CercleFinance.com) – The S&P500 confirms its recovery towards 3,900 Pts and does not lose anything from the 6% garnered last week (and +7% compared to the low of June 17).
A jump that greatly relieves the managers who saw the S&P500 post up to -25% (floor registered at 3,636), its worst performance at the end of a 1st half since 1932.
The 3,900 ‘gap’ of June 10 was filled last Friday (it coincided with the low of May 19), the next objective would be the ‘gap’ of 4,017 of June 9.
And the 4.020 coincides with the passage of the main medium-term bearish oblique resistance from the zenith of the 4.630 of March 29th.
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