S&P-500 Outlook For November 4, 2014

It remains to be seen whether ES futures (in all time-highs now) will make a convincing breakout any time soon. A consolidation or rest at current levels will be constructive as the market is severely “overbought”.

SP-500 futures, daily chart:

US SPX 500 Futures(Daily)20141104161213

Chart courtesy of Investing.com. http://investing.com

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