S&P 500 Looking Bearish.............
1. Bat Pattern completed on 3-Nov, Went Down After that but again bounced back.
2. Bearish Divergence in Daily, Weekly and Monthly Charts.
3. FED meeting in December, Consumer Confidence & GDP Data on 24-Nov Employment on 4 Dec, Stocks tend to fall 20 days Prior to FED meeting (Just an Observation).
Scenario 1 - S&P will hit 20 Degree Slope @ 2100 and will Return (20-27 degree slope and 50-59 degree slope are very common in trend).
Scenario 2 - S&P will Make New High of 2160 & will Crash.
2. Bearish Divergence in Daily, Weekly and Monthly Charts.
3. FED meeting in December, Consumer Confidence & GDP Data on 24-Nov Employment on 4 Dec, Stocks tend to fall 20 days Prior to FED meeting (Just an Observation).
Scenario 1 - S&P will hit 20 Degree Slope @ 2100 and will Return (20-27 degree slope and 50-59 degree slope are very common in trend).
Scenario 2 - S&P will Make New High of 2160 & will Crash.
Penafian
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