Market Pulse on July 16th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3004,04 -10,26.

Another quiet trading day in Wall Street with breadth closing square. We observed, as the previous day, pretty heavy selling pressure, as measured by our buying/selling index and again a solid closing Tick, meaning that money is still flowing into this market at the close. Technically, the pattern of an ascending triangle is still valid and a close below 2990 would confirm it with an objective at 2900.

 

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