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Expert's opinion from FXFinPro

We forecast a the fall on the US stock markets

Futures on the broad index of US stocks S&P500 showed an increase in recent days and reached an important level of 2080 and an inclined resistance line. Given the fact of decrease in profits of US corporations for the fourth consecutive quarter, the weakening of macroeconomic indicators, the absence of new drivers for growth and an expected correction on commodity markets, we forecast a fall in the price of the futures contract in the near future by 10-15%.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Wednesday, 11 May, 2016 / 12:55

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