On Friday, the American stock indexes rose after the publication of data on the labor market for the last month. According to the report, in June, a large number of new jobs for residents of the US, registering the largest increase in 8 months. The S & P 500 fell under the influence of 1-2% growth in value of shares of JPMorgan, Wells Fargo and Bank of America.
Positive news flow from the US supported the index. After the release of strong news on the S & P 500 rose from the labor market gap. S & P 500 is at the level where it was before the referendum in the UK. Resistance is located at 2120 and 2100 in the support.
Moving averages (50, 100 and 200) on the 4-hour chart unfold up a signal in favor of the purchase.
The MACD is increasing, indicating that the power of buyers. RSI is in the overbought zone. If the indicator will remain at current levels, it will serve as a signal to buy.
Forecast for today
S & P 500 is likely to continue to strengthen Index. If the price consolidates above the level of 2120, Target will mark growth in 2140.
Based on materials from Fort Financial Services