Market Update for Thursday, November 16th, 2023

Good afternoon, traders.

The S&P 500 has moved very little, so I have little I can add. We still have what might be a little, tiny topping pattern developing here:


Even so, since this is as much sideways so far as anything else, there’s very little stopping it from trying to go higher. But, I think a top here would be best.

If we’ve stopped going up, I am looking at two possibilities:

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I hope everyone has a fine evening.

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