SPX analysis – 29.11.2018

Hey all, I am very sorry to not give an update on the market, I’ve been busy.

Powell said yesterday(Wednesday) the opposite of his last comments in October due to Trump pressure so markets got up and made it to ~2744.

the next resistances are in 2750, 2790-2795, 2820

Supports – 2700, 2650, 2600

In my opinion, the markets will reverse on Friday.

That’s funny how people can after 100 points see the All-Time-High, but as long as 2820 doesn’t break the trend is down atm.

Chart .SP500, D1, 2018.11.29 10:20 UTC, Capital Index (Cyprus) Ltd., MetaTrader 4, Demo

 

 

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