Equity Indices Weekly (11 Nov ’17)

US Equities SPX to find further gains difficult to sustainPressuring 2600 as investors maintain a cautiously Positive stance.

Just higher are the 2615~ (138.2%) Fibonacci projection of the 2016 rally and the 2620, (76.4%) projection of the 2011-2015 rally.

This area is expected to provide an initial barrier, as overbought studies begin to turn down.

Downgrade Pending.

A close below 2500 would add weight to sentiment and delay higher levels.

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