S&P 500 Daily Forecast Nov 20 2014

Outlook in S&P 500 index remains on the upside as long as support 2035/2025 holds on a 4 hour closing basis , resistance comes at the 2053 levels , a halt is likely , but a break would open 2061 next , further upside will aim the 2071/2082 levels..

On the downside , support comes at the 2035/2025 levels , losing this level will turn outlook neutral for retesting the 1991/1958 levels before the next rise…

In all, as long as support 2035/2025 holds on a 4 hour closing basis , outlook in S&P 500 index remains on the upside towards the 2053 levels ahead of the 2061 levels, below the 2025 will bring a corrective pullback towards the 1991/1958 levels before the next rise.

 

S&P 500 Daily Forecast Nov 20 2014

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