S&P 500 Daily Chart Analysis For Week of November 4, 2022
Technical Analysis and Outlook
The upside target marked at 3975 has been partially completed—the newly created Mean Res 3805 is currently designated as the primary target. Mean Res 3900, Mean Res 3955, and Outer Index Rally 3975 are in the making. Downside target designated to Mean Sup 3715 is very high, with the possibility of extension to Mean Sup 3665 and beyond - in the foreseeable future.
The upside target marked at 3975 has been partially completed—the newly created Mean Res 3805 is currently designated as the primary target. Mean Res 3900, Mean Res 3955, and Outer Index Rally 3975 are in the making. Downside target designated to Mean Sup 3715 is very high, with the possibility of extension to Mean Sup 3665 and beyond - in the foreseeable future.