Near Term Trend: Neutral
Friday’s Close: 3015 (+ 53)
UPDATE: For months we stated, “Overall key resistance at our line (3115) should cap any further advances”.
Five weeks ago, the Index approached that region, directly under our resistance line, and then proceeded to sell off 165 points (see chart).
Last couple of week’s price action was constructive, but still a long way to go to trade above key resistance.
Neutral; as per pre- U.S election low volatility.