Market outlook 11/18 close
As mentioned in the morning 11/18 outlook, /ES was forming a multi-day wedge supported by /RTY strength and any weakness in /RTY would be compounded for /ES
As /RTY rejected the 1800-10 zone, the wedge was finally broken for /ES and the pivot 3566-70 was tested which makes for an interesting monthly opex friday this week. Any further weakness in /ES targ…