Market Overview on September 27, 2019
This week was marked by the publication on Thursday of data for the second quarter of the annual US GDP growth rate and indicators fell from 2.7% to 2.3%, which caused a decrease in the SP500 index by 0.8%.
However, this is not the end of the drop in annual pace.US GDP growth. According to the predictive indicator of the United States ISM Purchasing Managers Index (PMI) in comparison with the United States GDP Annual Growth Rate it is clearly noticeable that the way to reduce is still relevant for the next publication of GDP data.
Also, according to data from the NYSE, NASDAQ and AMEX exchanges, as well as analysis based on volatility zones, the way to reduce the index is fully open.
The cumulative delta on the futures of the DowJones 30, SP500, NASDAQ 100 indices shows a declining dynamics, which confirms the intention of the participants to the SHORT position.
The recommendation for September 27, 2019 will be the openingSHORT positions on resistance levels, and also after the opening of the US stock market, coordinate sales with changes in the Stock Exchange Delta Volume indicator, the indicators of which can be viewed on the online chart published
Support and Resistance Zones
Monthly volatility resistance - 3014
Weekly volatility resistance - 3027
Daily volatility resistance - 2990
Daily volatility support - 2958
Weekly volatility support - 2939
Monthly volatility support - 2833