S&P500 index slightly decreases and trades at around 2690.4. The fall is caused by the Fed's minutes for March.
The regulator mentioned in its report the possibility of a more aggressive increase in the interest rate, as experts believe that the country's economy will gain momentum. Against this background, the yields of treasury bonds are added: the risk premium for 10-year bonds is 2.91%, the next target is 3%. The next meeting of the regulator will be held in early May, the probability of an increase in the rate is at around 43%.
As for the trade war, this week the US is only planning to announce a new list of goods that will be subject to additional duties. A response from China is expected. Also this week, the US President will meet with Japanese Prime Minister Shinzo Abe regarding trade consultations.
As for the individual sectors, Apple shares lost a lot of their price (about 2.2%): the nearest target and an important level of support is at the level of USD 150. As for S&P500 index, the nearest support is at the level of 2674.8 and if it is broken down, the next target will be the 4/8 Murray mark or 2656.3.
Support and resistance
Stochastic is at the level of 20 and indicates the possible correction.
Resistance levels: 2695.3, 2714.8.
Support levels: 2674.8, 2656.3.
Open short positions after the breakdown of the support level of 2674.8 with take-profit 2656.3 and stop-loss at 2695.3.
S&P500 index of the American stock exchange
|Support levels||2656.3, 2674.8, 2695.3, 2714.8|
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