S&P 500 Daily Chart Analysis For Week of November 25, 2022
Technical Analysis and Outlook
Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 18) with the additional target is potential #2 Outer Index Rally 4140. The current sentiment is confirmed by the obsoletion of the Mean Res 3995; The downside target to the newly created Mean Sup 3948 is very probable before a major rally to the above outcome. The possibility of extension to Mean Sup 3745 and beyond is delayed in the foreseeable future.
Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 18) with the additional target is potential #2 Outer Index Rally 4140. The current sentiment is confirmed by the obsoletion of the Mean Res 3995; The downside target to the newly created Mean Sup 3948 is very probable before a major rally to the above outcome. The possibility of extension to Mean Sup 3745 and beyond is delayed in the foreseeable future.