We seem to be making lower highs on the hourly chart, which could mean we are in a new trend. Whether or not it is short term or medium term still needs to be determined. A continuation tomorrow would be a good sign. There is a Nov 1 reactionary date and for most cycle analyst it is a very important one. So keep your eyes peeled...
Main-Trend: UP
Short-Term: DOWN
Our angles seemed to be still in control of prices, and two of those are holding up prices in the SPX at the moment.
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