Dow Jones, S&P 500 Futures Incline
ICN.com | Nov 25, 2015 04:19AM ET
Dow has found support again above 76.4% Fibonacci at 17595.00, which intersects with SMA20 where it inclined sharply ahead of the closing yesterday.
The strong fluctuation continues between 76.4% and 88.6%, while technical indicators couldn’t give off affirmed signs.
Risk versus reward is inappropriate according to our trading strategies; thus, we will be neutral while watching out 17600.00 and 17900.00 carefully.
Support: 17700.00-17620.00-17550.00
Resistance: 17900.00-18030.00-18125.00
Direction: Neutral
S&P 500 Futures has inclined after experiencing levels below SMA20-colored in green- as seen on the provided daily chart.
We can’t follow through unless the index clears 2092.00 to change the neutral signals on technical indicators.
We will be neutral now and will update once the index presents convenient signals to predicate the next move.
Support: 2075.00-2062.00-2056.00
Resistance: 2097.00-2107.00-2113.00
Direction: Neutral
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