S&P 500: A decrease of 0.5% with Greece
Bearish under 2070 PTS Target Price: 2040 PTS |
While the European markets are losing ground, penalized by concerns about Greek debt and its possible exit from the euro zone, the S&P 500 is expected to open down 0.5% today.
It had finished lower by 0.34% to 2055 points on Friday, despite good figures about US employment.
The unemployment rate has been released at 5.7% (consensus 5.6%), but job creations was well above expectations (257,000 against 236,000 expected). The creations of the previous two months were also revised upwards.
Graphically, the S&P 500 could test again today the 2040 points support area. This level is likely to cause a positive reaction. Otherwise, it would attend a further consolidation towards the 2020 points and 1990 points.
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