S&P-500 technical preview for November 25, 2014

ES futures remain unstoppable and the short-term (daily) trend will remain up as long as the market stays above 2.050. Below this level, there is strong support and a potential correction target @ 2.015 (September 19 high). Current “overbought” conditions speak for some form of price consolidation for the S&P-500 before new record levels are marked by year-end. One has to be patient and stop calling the end of this huge bull market.

S&P-500 futures, daily chart:

US SPX 500 Futures(Daily)20141125114647
Chart courtesy of Investing.com. http://investing.com

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