Corporate reports coming week will support the stock market

S & P500 index is inside a giant “wedge”: the resistance trend line is at the level of 1113, support the trend line – in 1058. Reason to worry: the Dow Jones transport index over the last three trading days had fallen by 6%.

The dollar set new lows, rates on 10-year bonds rising. This means that while the market remains optimistic. Our strategy for today “to buy at lower prices, and we still hope to achieve our medium-term goals for S & P500 at 1121.
S & P500 index is inside a giant “wedge”: the resistance trend line is at the level of 1113, support the trend line – in 1058. Reason to worry: the Dow Jones transport index over the last three trading days had fallen by 6%.
Week ugotovila a lot of interesting statistics: consumer confidence, orders for durable goods and GDP for the 3 rd quarter in the U.S., not counting the other data.

Saxo Bank