Friday was an extremely low-volatility day, and the question today is if the S&P 500 will make a new all-time high, or will it cool off and come back down to the VWAP as we get ready for Thanksgiving.
Here’s what I believe will happen…
I think the market will peak out or maybe go a little bit higher before coming back down to the eight-day exponential moving average and settling in.
I think that most everything is already priced in, so we may squeeze higher at the open before settling back down and closing somewhere in the middle. I don’t see it being a bearish breakdown day with plenty of support that should hold, but there also isn’t much potential for upside.
That’s what I think will happen…
That’s the conclusion. Now let’s discuss why I think that’s what will happen.
I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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P.S. The Proof Is in the Pudding!
Curious about how our weekend income trades have been performing?
Well at 2:30 PM ET today, Nov. 25, Kane and I will be live, giving you an inside look at the results from our recent trades.
After reviewing the numbers, we’ll share the newest weekend trade setup, designed to help you target $915 by Monday morning (on a $5K starting stake).
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You’ll see the results with your own eyes — and then have the chance to act on the next setup before Friday.
While we cannot promise future returns or against losses…
Click here to get the access link once we’re LIVE.
