S&P500

Equity markets around the globe have tumbled over the past week on the back of slower growth and poor economic fundamentals. While the fundamental picture has not changed, we think we are now due a further market bounce from recent lows.

The S&P500 is the barometer of US growth and has taken a particularly heavy hit. The 1890 level is strong support/ resistance that the market has reached today.

The market is likely to push through this level into the end of the week as current short selling in the market unwinds.

We look higher from this level in to the end of the week.

CALL- S&P500 1890 to end the week HIGHER.

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