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Monday 18 November 2013

S&P 500 Analysis

The stock market continued to drop further after we mentioned that it's not safe to trade anymore
S&P 500 dropped from 1800.54, breaking below weak supports & possible rebounds @ 1798, 1796, 1790, went back up above 1790, dropped again & finally closed above 1790 @ 1791.55

Billionaire investor Carl Icahn also said: "very cautious on equities, market could easily have a big drop"
Therefore we should continue to trade more cautiously as the market becomes more & more unstable
Watch S&P 500 @ 1790 tomorrow



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