stock price trading

Stock Trading Alert: No clear direction as investors hope for more gains

November 20, 2013, 10:26 AM

The U.S. stock market indexes are currently up between 0.2% and 0.5%, extending their short-term consolidation, as investors hope for a continuation of the uptrend. The S&P 500 is slightly below the level of 1,800, which is the nearest important resistance. The S&P 500 futures contract (CFD) continues to fluctuate above the support of 1,780-1,785, as we can see on the 15-minute chart:

S&P500 futures contract - S&P 500 index chart - SPX

Our intraday outlook remains bearish, and our short-term outlook is bearish:

Intraday outlook: bearish
Short-term outlook: bearish
Medium-term outlook: neutral
Long-term outlook: bullish

Thank you,
Paul Rejczak

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Dear Sunshine Profits,

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