Stock exchange news. Summer is the period of high volatility for the market as a whole and S&P500 future, as its main index. After an attempt to break the significant technical level of 1350.00 the market has again dropped to the significant technical support of 1300.00:
As professional traders of the Department of Futures Trade and Stock Exchange of Masterforex-V Academy admit, despite positive quarterly reports of largest financial companies, sales prevailed at the market, mostly – in financial sector:
At present the first starting level for upward movement is the level of last week’s volume, namely, 1315.00. It is exactly at this point that the most large-scale transactions were concentrated. The further mid-term upward movement of the market can be regarded at the level higher than 1333.00, whereas the zone of uncertainty and flat remains within the range of 1300.00 and 1315.00.
At present the market is experiencing a rather controversial situation: this considers the limit of US national debt that has reached its critical point, the threat of lowering US rating, and hints on continuing the quantitative easing program. Currently, all these points are critical and their outcome will influence the next stage of long-term movement of the market as a whole.
Economic calendar for the current week:
