Outlook for Nov 29

The markets were on steroid today. The S&P 500 gained 33.88 (2.92%). Unless the S&P 500 breaks 1,210 resistance level tomorrow for today to be considered a part of the first leg of this year’s Santa Claus rally, the rally seemed to be an oversold rebound. The trend is still down. My intermediate target for the S&P 500 does not change. Below are my guidelines for tomorrow.

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