S&P500 forecast for Monday, November 13th
Friday's forecast was partly correct as we saw an early high, a decline to 10:30 and a high at noon. It was then expected a decline to almost closing bell but instead we traded marginally lower after 12 pm and rallied into closing bell.[caption id="" align="alignnone" width="787"]
Monday's November 13th trading pattern is expected to be the one with an early low, rally with a high at 12 pm ET followed by a decline with a low at around 3 pm and last hour rally into closing bell.
I think Monday could be a positive day for the bulls and we may see an attempt to fill the gap at 2594.4 SPX.
No major economic news expected for the day.
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From Tuesday on we should resume the bearish trend.
Trade well ;-)
The following video is mr. Jeffrey Tennant's MEJT stock market forecast:
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