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FxWirePro:S&P500 trades higher for fourth consecutive day on US-China trade optimism, jump till 2820 likely

S&P500 is trading higher for fourth consecutive day after breaking major resistance around 2744. The index has closed above 200- day MA for 2nd consecutive day on US-China trade optimism and better than expected corporate earnings. The index hits intraday high of 2763 and is currently trading around 2757. 

Short term trend is bullish as long as support 2678 (300- day EMA) holds. Any break below 2678 confirms minor weakness and a dip till 2637 /2595/2550/2530 likely. Any daily close below 2500 targets 2465/2437/2397. Any further bearish continuation only below 2330.

On the higher side the index is holding above 200- day MA and this confirms minor bullishness and a jump till 2804/2820 is possible.

 It is good to buy on dips around 2740-45 with SL around 2718 for the TP of 2820.

 

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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Previous

48.6 %

January 31 00:00 UTC 813935813935m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 813935813935m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 825755825755m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 813935813935m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 825755825755m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 813935813935m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813935813935m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813935813935m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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