17, August 2016

SP500 (a 4-hour chart)

16_aug_SP500

US stock market today moved lower, retreating from historical highs. However, it may be noted that in despite restrained market dynamics and consolidation, risk appetite continues to dominate and the demand for stock assets is maintained. We expect the return to growth in the middle of the week after the Fed minutes published. From technical point of view first support is around 2176.76 points, and the next in the area of ​​2169 points.