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Indices Updates by Solid ECN
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[QUOTE="Solid ECN, post: 211918, member: 83167"] [JUSTIFY][B]S&P 500 - Strong corporate reporting supports the index[/B] The leading US economy index S&P 500 is correcting upwards at around 4261. The US stock market continues to correct, and its dynamics depends on both corporate reporting and the news background, which was supported by yesterday's report by the US Federal Reserve. The authorities of the regulator noted that the tightening of monetary policy will continue, and designated the level of "sufficiency" at which the interest rate will be held for some time; however, the department stressed that this level has not yet been reached. The day before, Walmart Inc., the largest US retail chain, published its financial report, reflecting the growth in earnings per share to 1.77 dollars from 1.30 dollars a quarter earlier. The company's revenue increased to 152.86 billion dollars from 141.57 billion dollars in the previous quarter. In addition, Home Depot Inc. released its financial results, with revenue up to 43.79 billion dollars from 38.91 billion dollars in the previous quarter, and earnings per share of a record 5.05 dollars, up from 4.09 dollars in the first quarter. [img]https://i.ibb.co/NWsSp4F/spx.png[/img] The index quotes are trading above the resistance line of the descending channel, having overcome the resistance line. Technical indicators maintain a steady buy signal: the fast EMAs of the Alligator indicator are above the signal line, and the histogram of the AO oscillator is trading in the buy zone, forming multidirectional bars. [/JUSTIFY] [B]Support levels[/B]: 4182, 3900 | [B]Resistance levels[/B]: 4330, 4631 [/QUOTE]
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