November 4, 2017

S&P 500 Weekend update

  • One hour shows a broadening formation. For now bearish formations are seen only in smaller time frames. Four hour and Day are shown with strong support levels. 4 Hour cloud is acting as strong support. Last week test of the cloud saved bulls from a bigger correction.
  • Daily chart shown with 20 day SMA. Bears unable to take price below crucial moving average line.

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