US markets head into Thanksgiving on a strong note, with the S&P 500 rising for a fourth straight session (+0.69%) and now sitting just over 1% below its record high. The index has delivered its biggest four-day rally (+4.19%) since the US-China trade truce in May, driven by growing expectations of another Fed rate cut in two weeks and supported by resilient US data.
Trading was disrupted after a technical failure caused a major outage at the Chicago Mercantile Exchange, halting futures and options activity—including Treasuries and S&P 500 futures—and affecting other platforms such as EBS in FX.
Elsewhere, oil is on track for its worst monthly performance since 2023, and equity momentum faded into month-end as markets contended with volatility and concerns around Fed policy and a potential AI-driven bubble.
On the political front, President Trump escalated rhetoric on immigration following the fatal shooting of a National Guard member, proposing drastic restrictions including a pause on admissions from “third world” countries and revoking some naturalized citizenships. He also increased tensions with South Africa, saying he would bar the country from next year’s G20 summit in Miami—a move that breaks established protocol.
With limited news expected on Friday, markets head into the final stretch of November after a turbulent month for global equities.
Key Support and Resistance Levels
Resistance Level 1: 25496
Resistance Level 2: 25600
Resistance Level 3: 25700
Support Level 1: 25076
Support Level 2: 25920
Support Level 3: 25790
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Trading was disrupted after a technical failure caused a major outage at the Chicago Mercantile Exchange, halting futures and options activity—including Treasuries and S&P 500 futures—and affecting other platforms such as EBS in FX.
Elsewhere, oil is on track for its worst monthly performance since 2023, and equity momentum faded into month-end as markets contended with volatility and concerns around Fed policy and a potential AI-driven bubble.
On the political front, President Trump escalated rhetoric on immigration following the fatal shooting of a National Guard member, proposing drastic restrictions including a pause on admissions from “third world” countries and revoking some naturalized citizenships. He also increased tensions with South Africa, saying he would bar the country from next year’s G20 summit in Miami—a move that breaks established protocol.
With limited news expected on Friday, markets head into the final stretch of November after a turbulent month for global equities.
Key Support and Resistance Levels
Resistance Level 1: 25496
Resistance Level 2: 25600
Resistance Level 3: 25700
Support Level 1: 25076
Support Level 2: 25920
Support Level 3: 25790
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.