Market Pulse on February 26th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2779.6 +32.30.

The S&P 500 is reaching the upper boundary of a potential trading range the market may trade in over the next few weeks, the coming few trading days will be important to watch. Our ten day oscillator based on the advance/decline line is very overbought and our short term oscillator based on the advance/decline line weighted by prices reached also the overbought status. Daily sentiment indicators are neutral. It is important to note that the quality of the recovery since the low at 2532 reached on the 9th of February is much better than the January rally that pointed out to a lot of internal weaknesses we correctly put into evidence.   


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