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Jim Wyckoff

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Critical trading week for U.S. stock indexes

November 3, 2020 by Jim Wyckoff

See on the daily bar chart for December e-mini stock index futures that prices early this week are trying to rebound from the recent selling pressure that produced a bearish double-top reversal pattern. Trading action this week will be extra important for the U.S. stock indexes. Closes on Friday near the weekly highs would be significantly bullish to suggest a challenge of the contract high. Closes near the weekly lows on Friday would be bearish, to suggest sideways-at-best trading in the near term and possibly even into the end of the year. Stay tuned!– Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.

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