Sunday 19 November 2017

S&P 500: Weekly cloud chart outlook: Next key support zone to watch!

S&P 500: Weekly cloud chart outlook: Next key support zone to watch is the 2576/2557 levels.

  • S&P 500 on its way to test for support at front cloud level: 2576, critical level for this coming week. 
  • Fail that, the next key level to be tested is at 2557 front cloud support zone. 
  • Note that MACD sell signal is early, but still valid. Note that we are getting closer to the next signal on the cloud chart, so not yet had a sell signal on a cloud chart basis. 
  • For a short term swing trade I am looking for a rebound from support zones!


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