Scott Burrill - Market Notes

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Scott's notes
Scott's Market notes

Weekly Update

Nov 12, 2018

For the week, the option implied move in the SP500 is + / - 49 points.

Weekly Trends remain Down and Daily Trends have rebounded to Up, so I would say we are at a directional infection point heading into next week's holiday period in a traditionally positive seasonal environment.

As always, we will look for mechanical trade to target and test the Weekly Magnets early-on to establish bias.

It's a quiet week for known catalysts as Earnings Season winds down apart from the usual Trump-Tariff-Talk and Fedspeak.

Levels to watch.

All the best,

Scott

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