The SP500 has been stuck in a very narrow range for the last three days, defined by support at 2076 and resistance at 2094 (90 degrees up from the Nov 16th low):
The next support/resistance levels are 2115 and 2040.
Friday, November 20, 2015
The USD is in an upswing against the JPY but got rejected twice at the 90 degrees up price target calculated from the Oct 15th low. Currently, the USD has found support right on the 30 degree up angle drawn from the same low. A continuation of the trend should lead to another retest of 123.5. Any break below the support angle opens the door for a retest of the Nov 16th low: