Nov 14 – Outlook

Over the weekend, the news continue to support the bulls. There is a sure chance that the markets will open green on Monday. However the question is, is it over for the bears? I doubt. The S&P 500 should find 200-day MA as its resistance. As long as it does not close above 200-day MA for more than 2 days, I’m holding on with my short positions. Below are my guidelines for tomorrow (and if the trend continues to Tuesday) market actions.

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