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Negative Expectations Following Last Week's Rally ‐ Correction or Reversal?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Briefly: In our opinion, speculative short positions are favored (with stop‐loss at 2,140 and profit target at 1,990, S&P 500 index) Our intraday outlook is bearish, and our short‐term outlook is bearish: Intraday outlook (next 24 hours): bearish Short‐term outlook (next 1‐2 weeks): bearish Medium‐term outlook (next 1‐3 months): bearish Long‐term outlook (next year): bullish The U.S. stock market indexes gained 0.4‐0.7% on Friday, extending their recent move up, as investors reacted to

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