S&P500 contract reaches another milestone
The US500 breaks above the 4,000 pts level and thus reaches another milestone. This is probably related to the start of the new quarter, strong ISM Manufacturing PMI reading and positive sentiment ahead of the NFP report which will be released tomorrow. Additionally, investors expect that the new infrastructure program presented by Biden will lead to a greater economic recovery in the future.
US500 breaks above the 4,000 pts level. Next potential target for the bulls is located around 4020 pts and is marked with 127.3 Fibonacci retracement. The nearest support lies around 3,980 pts. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr SÄ dowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
