Market roundup: S&P 500 looking wobbly as presidential race reaches last lap
Sep 27, 2016, 12:27 PM
In today’s opening segment of the London open show hosts Zak Mir and Nick Batsford take note of the bearish signal on the S&P500 chart at a time when the US Presidential race has reached the last lap.
Key points:
Presidential debate: It was battle of the minnows, neither of the two – Clinton & Trump – were impressive
GBP/USD – Battle between the bulls and bears is on. Interesting to see if the pair breaks above 1.30 or takes out the recent support around 1.2920
Oanda Sentiment – Clients extremely bearish in EUR/GBP and bullish on GBP/USD
S&P500 – Scallop formation, 2120 is a strong support