Signals & Trading Plan for Friday 11/22/19

Review of trades
In the trading plan for Thursday 11/22, we proposed this trade to consider.

Short-term trade - Long:   $SPX $NDX SPY QQQ TQQQ are likely to test Support1 tomorrow and bounce up toward Resistance1, in their attempt to rise to the same high or higher high.

• Enter a small position $SPX $NDX SPY QQQ TQQQ at Support1.
• Protect with a tight stop and keep trailing it upward.
• Exit half position at the closing price of Wednesday.
• Exit remainder at Resistance1.  
  

This turned out to be a successful trade and is still in play until Resistance1 is reached.

The rest of this article covers:
Table of support and resistance levels
Market directions: short, intermediate and long term
Planning your trades

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