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WallSt007
Nov 20, 2023 3:42 AM

Market outlook SPX and DXY  

S&P 500SP

Description

SPX- Moody downgraded US credit rating and Govt shutdown possibilities along with SPX being over brought, we could see a rejection here.

Next resistance $4400 and $4480
Next support $4360 and 4290
Sentiment = Overbought

Dollar Index: There is a lot of economic data from inflation to fed speaker.
Overall, the dollar index looks like it held support and could run up.

Next resistance $106.90
Support - $105.65
Sentiment = Oversold
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