S&P 500 Daily Forecast Nov 11 2014

Outlook in S&P 500 index remains on the upside as long as support 1995 holds on a daily closing basis , resistance comes at the 2045 levels , a halt is likely , but a break would open 2100 next , further upside will aim the 2140 levels..

On the downside , support comes at the 1995 levels , losing this level will turn outlook neutral for retesting the 1955/1922  levels before the next rise…

In all, as long as support 1995 holds on a daily closing basis , outlook in S&P 500 index remains on the upside towards the 2045/2100 levels ahead of the 2140 levels, below the 1995 will bring a corrective pullback towards the 1955/1922 levels before the next rise.

 

S&P 500 Daily Forecast Nov 11 2014

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