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The S&P500 is in a bull trend.
The S&P500 is consolidating sideways above the 200-period simple moving averages while the RSI and Stochastics indicators remain constructive for further upside.
Resistances are to be expected near 2,917.00 August 29 high, the 2,939.50 level (all-time high) and 2,950.00 while support can be expected near 2,900.00 figure and 2,877.00 (January swing high).
Main trend : Bullish
Resistance : 2,917.00 August 29 high,293
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· European stocks were lower Friday morning, as investors awaited a key jobs report after benchmark U.S. Treasury yields surged to a fresh seven-year high.
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· Asian shares wobbled on Friday after benchmark U.S. Treasury yields surged to a fresh seven-year high and strong economic data fanned concerns about the risk of faster-than-expected interest rate rises.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.6 percent, while Japan's Nikkei average .N225 closed down 0.8 percent and Hong Kong's Hang Seng .HSI slipped 0.1 percent.
· Japan’s Nikkei fell to its lowest close in two-weeks on Friday, tracking weakness on Wall Street as rising U.S. Treasury yields have dimmed the allure of most stocks except financial ones.
The Nikkei share average ended 0.8 percent lower to 23,783.72, the weakest close since Sept. 20. Earlier this week, the index traded above the 24,000 mark and hit 27-year highs.
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