TrQ00l

Rally or Sell-Off? Profit for traders incoming

SP:SPX   S&P 500 Index
Today, the market denied to break the KEY resistance. Usually, Friday will be intraday volatile with not much effect before weekend closing. Market participants won't make big dicisions until G20 ends (1.December). I see no sentiment for a upward rally yet. However, there is no sellof trigger for the weekend aswell. It is a 50/50 tomorrow with no clear signal from technical analysis, except that we will go strong in one or the other direction. Monday next week won't be flat at all. Volatility will increase for sure next week (Buy VIX). All depening on some trump-twittering, G20 outcome, Russia/Iran/Saudi Oil strategy or less probable a surprising climax of major companies. Be ready to take the right decision!
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