U.S. indices finished yesterday’s choppy trading session slightly lower. Tuesday the benchmarks ended the month and Q3. The last day was really up and down trading session and appeared to find the direction the market. The S&P 500 gained 0.6% for the quarter and finalized its seventh consecutive quarterly gain; this is the longest period of gains since 1998. The DJIA is up 1.3% in the third quarter. The Nasdaq also posted its seventh quarterly gain in row, the longest one since 1996.
Yesterday data:
- SP500 -0.28%
- DJIA -0.17%
- Nasdaq -0.28%
Technically the whole September has been very choppy and moved the market in a range. Down and up and down was the pattern for September in DJIA. The key resistance level is at 17,120, so until is not taken we have to wait for the bullish trend.
The BFM Assets Team.
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