stock price trading

Stock Trading Alert: Indexes extend their consolidation

November 6, 2013, 10:50 AM

The U.S. stock market indexes currently gain between 0.1% and 0.4%, as investors remain uncertain following recent move up. The S&P 500 is up 0.3%, as it continues to fluctuate slightly below an all-time high of 1.775.22. The resistance is at 1,770-1,775. The S&P 500 futures contract (CFD) trades a little above the recent consolidation, however, still below the resistance of 1,770, as we can see on the 15-minute chart:

S&P500 futures contract - S&P 500 index chart - SPX

Our intraday outlook is neutral, and our short-term outlook remains neutral, as there may be some further uncertainty following recent rally:

Intraday outlook: neutral
Short-term outlook: neutral
Medium-term outlook: neutral
Long-term outlook: bullish

Thank you,
Paul Rejczak

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Dear Sunshine Profits,

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