(Zonebourse.com)
Technical weakness could form upon contact with the resistance of 5500 points.
The S&P 500 value is, in fact, in the overbought zone and the proximity of the level currently tested provides an interesting timing to take advantage of a technical correction in the coming sessions towards 5200 points.
We will use the PUT Vontobel VO59V warrant which costs 0.99 EUR. The potential gain is around 60% for this derivative product and the theoretical invalidation threshold, initially set around 5,520 USD, will limit the risk to -30%.
We monitor the products offered and write a new recommendation for release from the line. As such, the invalidation objectives and thresholds are indicated for information purposes and may change depending on market conditions and our beliefs.
Laurent Polsinelli
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