S&P 500 Forecast November 18, 2015, Technical Analysis

The S&P 500 rose during the course of the session on Tuesday, reaching towards the 2070 handle. With that being the case, the market looks as if it is ready to go higher, and a move above the top of the range for the session on Tuesday is reason enough to start going long, but we also look at pullbacks as potential buying opportunities as well. The S&P 500 should continue to strengthen as US markets in general look fairly healthy, and with that we believe ultimately the S&P 500 reaches towards the 2120 level.