S&P-500 Outlook For November 17, 2014
Petros Steriotis | Nov 16, 2014 12:46AM ET
ES futures consolidated at record levels in the 2.030-2.040 area for a fourth consecutive day on Friday. The market needs to stay above the September 19 high (2.015 points) in order to keep the daily trend up, as it is trying to work off “overbought” conditions. A correction down to this level, maybe even down to 2.000, would be constructive for the continuation of the uptrend, up to 2.100 by the end of the year.
S&P 500 futures, daily chart:
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