Equity Indices Weekly (02 Dec ’17)

US Equities cautiously upgradedFresh highs as prices break above the 2615~ (138.2%) Fibonacci projection of the 2016 rally and the 2620, (76.4%) projection of the 2011-2015 rally.

Focus is now on 2700 but overstretched studies and heightened US political risks should keep investors wary.

Cautious Upgrade to Positive.

A close below 2540 would add weight to sentiment and turn sentiment Negative.

 

 

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