#SPX500 Review by Artem Yaskiv @smart4trader September 4, 2019

4 сент. 2019 г.

SPX500

Today, Wednesday, September 4, 2019 I want to note that yesterday's publication of PMI reports (ISM) reacted somewhat differently than I expected. According to reports, we have observed a decrease in almost all indicators for most items, which in turn negatively affects the US economy

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But as for the price movement for the SPX500 index, here you can clearly see the appreciation since the publication of the report. I am very suspicious of this since the NASDAQ exchange also observed a cumulative downward movement for all stocks and, accordingly, there should have been an SPX500 movement below the weekly volatility zone in the region of 2889. However, we see an increase to the monthly volatility zone of 2933.

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The cumulative delta of the DowJones 30, SPX 500 and NASDAQ 100 indices had a strictly upward movement yesterday, but nevertheless this is not consistent with PMI reports and NASDAQ sales.

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I remind you that on September 18, 2019 there will be a decision on the US interest rate, which is likely to be once again reduced to 2% from the current value of 2.25% and this will give an impetus to the US economy in the long term, which in turn will have a positive effect on price dynamics for stocks and, accordingly, for indices. The estimated interest rate in the opinion of 90.4% today is in the region of 1.8%

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On September 4, 2019, I recommend waiting for the opening of the US stock market and still selling in the region of 2933 with rather limited risks for the transaction.