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S&P 500 Index
Long

$SPX ( S&P500 ) as of November 17, 2020

111
SPX ( S&P500 ) as of November 17, 2020: SPX decreased by 17.38 (-0.48%) points.

SPX made higher low with a Doji candle. The index takes a pause in its upward journey and the Doji represents indecision on the side of both buyers and sellers. But it may also be a time when buyers or sellers are gaining momentum for a continuation trend.
The index tested the breakout point but closed outside the rectangular box.

As we told yesterday a higher low(HL) will not jeopardise the current uptrend.

Happy Trading!
sgzaman
Also on:
Chart PatternsTechnical IndicatorsS&P 500 (SPX500)Trend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsS&P 500 (SPX500)Trend Analysis
sgzaman
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.