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Another strong rebound, another new record high 

S&P 500

Again, a setback Thursday but once more holding and rebounding from just above our 3075.75 and 3072.5 supports (from 3081.75), to sustain upside forces with a surge overnight to another new record high at 3011.5, to keep the bias higher for Friday.

  • We see an upside bias for 311.5; break here aims for 3117.75 and 3125.75 and maybe 3138.5.
  • But below 3098/96 targets 3081.75 and then quickly opens risk down 3075.75/72.5.
by Steve Miley November 15, 2019
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