Market Update for Monday, October 30th, 2023

Good afternoon, traders.

After endlessly falling out of triangles for over a week, the S&P 500 is trying to make a stand at the 89-week SMA, under which it closed yesterday but above which it gapped this morning:


There are 3 things I can do with the local price action.

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We’ll see what happens from here. I hope everyone has a fine evening. I’m doing the best to not pick a side until she shows me her hand because I’m afraid that if I pick one, I might get it wrong. So, we’ll see what she tells us.

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