SPX analysis 17.11.2018

SPX go to retrace up according to this graph, the trend, it means SPX will touch 2790 or maybe double top at 2820, if it breaks up 2820 level we could get more action to the upside, but as I see it now we are going to break 2600 soon enough.

I will try short the SPX by buying put options when SPX is around 2790.

Resistance – 2750, 2770, 2790

support – 2700, 2670 , 2630, 2600

On Monday, we could see a retrace for the downside before go up and try to fight on 2750 level

Chart .SP500, W1, 2018.11.17 21:25 UTC, Capital Index (Cyprus) Ltd., MetaTrader 4, Demo

 

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