There's your 50 sma headed down.
Got some bounce today off lows but after today the 50 sma will start to pick up steam on the downside and will be problematic for the market until Nov 10.
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Do this bounce continue to 50 sma? I notice it now is above resistance of 10sma
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Is this bounce over yet? You must be cashing in today - you called that bounce from the perfect bottom.
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If the rally starts on or after Nov 11 it will be another bear market rally
that will slapped down by Jay Powell. No pause or pivot in Dec meeting. Do not fight the Fed.
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