Silver as an investment

S&P 500 Fluctuates As Technology Stocks Sell Off

sunshineprofits.com / PAUL REJCZAK /  NOVEMBER 30, 2017, 

Briefly:

Intraday trade: Our Wednesday’s intraday trading outlook was neutral. It proved accurate because the S&P 500 index lost 0.03%, following slightly higher opening of the trading session. The market broke above its short-term consolidation on Tuesday. We still can see negative technical divergences along with medium-term overbought conditions. However, there have been no confirmed negative signals so far. Therefore, we prefer to be out of the market today, avoiding low risk/reward ratio trades.

Our intraday outlook is neutral today. Our short-term outlook is neutral, and our medium-term outlook is neutral:

Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral

The main U.S. stock market indexes were mixed between -1.3% and +0.4% on Wednesday, as investors took some technology stocks profits off the table.

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