Wednesday, November 18, 2015

Stock Market Update - Nov 18, 2015

If we look at the weekly chart, both DJIA and S&P 500 start to show that they're starting to go sideways or even down.

djia weekly 18 nov 2015s&p 500 weekly 18 nov 2015
Both weekly charts say the market has ended its bullish trend. We could see that DJIA and S&P 500 broke their channels' support 13 weeks ago and last week they bounced back from their new resistances.
And if we look at the longer timeframe (monthly chart) they are still on their way to make their new 52 weeks high.

djia monthly 18 nov 2015 s&p 500 monthly 18 nov 2015
It's time to monitor your stocks everyday.

Have a good day!

Repost from Protege Analysis


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