A bounce tomorrow changes the candle. A better looking green candle to end the week, and then over the month of November, the battle to climb back into a recovery rally. Danger waits at 2850 area a resistance shoulder zone that could become bearish if the rally cant surpass it. Bullish pattern needs to target 2880 and higher to become a Wave 3 heading toward Wave 5 recovery (2940-2990)
November should become the key battle month now.to determine whether the market offers a Christmas rally. and a good start to 2019
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.