S&P 500 Forecast November 17, 2015, Technical Analysis
The S&P 500 bounced off of the 2020 handle during the course of the day on Monday, showing that there is in fact a significant amount of support just below. With this, we feel that the market should continue to go higher, and on a break above the top of
Most Popular
The S&P 500 bounced off of the 2020 handle during the course of the day on Monday, showing that there is in fact a significant amount of support just below. With this, we feel that the market should continue to go higher, and on a break above the top of the range for the day on Monday, we are buyers. We think that the market has a fairly clear path to the 2070 handle, and with that we are bullish. We have no interest in selling, because quite frankly the 2000 level below looks to be a bit of a “floor” in this market.
Advertisement
Know where Markets is headed? Take advantage now with
Your capital is at risk
