S&P 500
S&P continues to hit resistance around the October highs, but failing to reverse down towards trailing support levels.
Those October highs (resistance) have now shifted and dynamically moved higher during November. (next Week)
The trend guide will be simply be defined by 1182-1187 and next week's levels.
My preferred pattern continues to be a minor reversal down into support levels (Weekly lows) before the trend has the potential to move upwards.
If the trend is going to continue higher, then the weekly lows need to hold support using a lower 'Friday' close pattern.
