{"id":22373,"date":"2025-11-18T13:23:26","date_gmt":"2025-11-18T21:23:26","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22373"},"modified":"2025-11-18T13:23:26","modified_gmt":"2025-11-18T21:23:26","slug":"bull","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/bull\/","title":{"rendered":"Bull Markets hanging in there amid 200-day SMA, December Bean Oil, Levels, Reports (!); Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on November 19th, 2025"},"content":{"rendered":"\n\n\n
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200-day Simple Moving Average (200-day SMA)<\/h1>\n

The Bull Market at Large<\/h1>\n

By John Thorpe, Senior Broker<\/em><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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At-a-Glance Levels<\/h1>\n
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Instrument<\/th>\nS2<\/th>\nS1<\/th>\nPivot<\/th>\nR1<\/th>\nR2<\/th>\n<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
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Gold (GC)<\/strong><\/h2>\n

\u2014 Dec (GCZ5)<\/td>\n

3964.07<\/td>\n4017.03<\/td>\n4050.37<\/td>\n4103.33<\/td>\n4136.67<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 Dec (SIZ5)<\/td>\n

48.35<\/td>\n49.51<\/td>\n50.27<\/td>\n51.43<\/td>\n52.19<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 Dec (CLZ5)<\/td>\n

58.67<\/td>\n59.68<\/td>\n60.26<\/td>\n61.27<\/td>\n61.85<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Dec. Bonds (ZB)<\/strong><\/h2>\n

\u2014 Dec (ZBZ5)<\/td>\n

116 1\/32<\/td>\n116 12\/32<\/td>\n116 26\/32<\/td>\n117 5\/32<\/td>\n117 19\/32<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Bulls are surviving\u2026. For now.<\/h1>\n

\u00a0 \"bull\"<\/h1>\n

Financial news networks and pundits are repeating \u201cBubble\u201d due to the recent sell off in equities, \u201cAI Bubble\u201d Google boss Pichai \u201cAI investment boom has elements of irrationality., \u201cNo Firm immune!\u201d \u00a0Bob Michele, JPMorgan\u2019s Chief Investment Officer, discusses lessons learned from the Dot.com bubble. Warning shots to be certain and perhaps the market is ripe for a change in tenor.<\/p>\n

Rather than a blow the doors off rally or a sideways market (you can make a case the S&P 500 index has been trading in a range since mid-Sep.)<\/p>\n

Where is the demarcation line that tells us we are in a Bear market? We are still in a Bull market so I thought I would do a deep dive into the technical indicator that has provided traders with meaningful support for a continuation of a Bull market. Or, once crossed, the resistance and the tenor of a Bear market.<\/p>\n

The\u00a0200-day Simple Moving Average (200-day SMA)\u00a0is one of the most widely watched technical indicators in global financial markets, especially for the S&P 500. Its importance comes from a combination of institutional usage, psychological reinforcement, and historical track record. Here\u2019s why it matters so much:<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Quick Historical Examples<\/h2>\n