S&P500 forecast for Monday, November 13th
Friday’s forecast was partly correct as we saw an early high, a decline to 10:30 and a high at noon. It was then expected a decline to almost closing bell but instead we traded marginally lower after 12 pm and rallied into closing bell.
Monday’s November 13th trading pattern is expected to be the one with an early low, rally with a high at 12 pm ET followed by a decline with a low at around 3 pm and last hour rally into closing bell.
I think Monday could be a positive day for the bulls and we may see an attempt to fill the gap at 2594.4 SPX.
No major economic news expected for the day.
From Tuesday on we should resume the bearish trend.
Trade well 😉
The following video is mr. Jeffrey Tennant’s MEJT stock market forecast: