Technical Analysis

Two issues will decide whether or not the S&P 500 holds or breaks the October low

The S&P 500 is in a harmful cease

Will it’s a double backside or recent lows?

I anticipate a solution in week forward with two main occasions to come back.

November 30 and December 1 are the G20 conferences in Argentina. The primary occasion would be the Trump-Xi assembly and it is crucial that there’s some sort of de-escalation or progress in direction of a commerce deal. If the US says it’ll 25% tariffs after the assembly, then shares are going to wilt.

The opposite occasion is Powell’s speech on November 28. He is talking on the Financial Membership of New York so the subject will undoubtedly be rates of interest and the outlook. If he alerts that the Fed could pause after a December hike, then markets will reply very positively.

Together with Powell, there are different Fed alternatives to handle the message with Vice Chairman Clarida to talk on Nov 27, the Fed minutes on Nov 29 and Williams on Nov 30.


Clickbank Promo Tools
Wiadforex is a big online financial news, technical, fundamental analysis, trade ideas, option and educational site with a focus on Nigeria, Africa and world in general. This is an independent online forex platform. That is publish by Wiad Consultancy Services

Leave a Reply

Your email address will not be published. Required fields are marked *

Recommended Clickbank Products