November 19, 2016

S&P 500 Futures weekend update


  • ES Week testing all time high's
  • 4 Hour chart shows a rising wedge kind of contraction which is mostly bearish.
  • Month chart continue to diverge negatively. We saw 100 point correction during election results. If this divergence is to work perfectly for bears bigger corrections are possible. May not be a swift down fall. Timing this correction is also not possible as there could be new high's before the fall starts.

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