Friday 11 November 2022

S&P500 Futures: Great rebound from key Cloud Chart support zones! Great news back above the top end of the Cloud! 4000 next key resistance zone to break past!

 S&P500 Futures: Great rebound from key Cloud Chart support zone! Great news back above the top end of the Cloud! 4000 next key resistance zone to break past!


S&P 500 index futures rebounded from the 3548 Cloud Chart (CC) support zone! More recently managed to rebound from the front CC support zones of 3749! S&P500 also managed to break past top end CC resistance zone of 3957! Now it is at a critical zone to find support at. Need to see a follow-through rally above the cloud now. Outlook is back in bullish territory on the daily CC as long as the S&P500 stays above this support zone! 


S&P500 index futures now need to break past the 4001/4042 old CC resistance zones!

On the weekly CC upside resistance targets are at the bottom end of the cloud at 4042 and 4161/4238 at the top end of the CC.

If support holds above the daily CC the rally can last up to the 4238 resistance zone! 


The last two rebound CC swing trades yielded 352 and 273 (625) points respectively!


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