Monday 14 November 2022

S&P500 Index Futures: Grinding higher towards the next Cloud Chart resistance zones 4042/4238!

 S&P500 Index Futures: Grinding higher towards the next Cloud Chart resistance zones 4042/4238!


 S&P500 Index: Grinding higher towards the next Cloud Chart resistance zones the bottom end of the weekly CC: 4042, with the top end CC level of 4238 as another major resistance zone!

So far the rebound rally from the 3548 support zone yielded some great swing trades.  


The good news is that the S&P500 index is trading above the top end of the CC on the daily CC. This is bullish. As long as the price action remains above the Cloud the rally should be ok into the year end. 



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