I think the indexes are ready for a big 'pop' this week. MAybe Tuesday.... ?
They are getting pretty oversold on the weekly. And monthly WAY oversold, especially if they close the month at these levels or lower. Then, we could see a HUGE move to the up-side in December.
Don't think it would last to long though.
OTOH, if we hit the targets ,this month, I layed out, then maybe we could run up for a month or two.
Those targets are:
NASDAQ: 1407
DJIA: around 6800
SP500: 605
The S&P and DJIA don't look likely. But then, in this market anything could happen, lol!
NASDAQ 1407 is very likely this month, imo.
