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Positive Expectations Following Yesterday's Move Down, Will Uptrend Continue?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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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 lost 0.6‐1.1% on Wednesday, retracing their Tuesday's advance, as investors reacted to

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