Market Update for Thursday, November 2nd, 2023

Good afternoon, traders.

The S&P 500 has continued its relentless uni-directional advance off of Friday’s low, and is retesting an important trend line from beneath:


And zoomed in a bit, we can see how it absolutely gapped over the 200-day with no effort over night:


Now last night, I was a seller at the close because of that SMA, because it’s something the market can at least react to, but I was brutally stopped out overnight.

Given the strength of this rally, I think

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Ok, we’ll see how she does. I hope everyone has a fine evening.

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