Market Update for Tuesday, November 7th, 2023


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I have only a few brief comments regarding the S&P.

It has made a clear breakout over this trend line:

SPX

But has now returned to this infamous gap from 9/21:

SPX

And finally, it is also retesting one of our two usable “head & shoulders” necklines from before:

SPX

If we zoom in,

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On any breakdown, I still expect the targets I discussed yesterday.

I hope everyone has a fine evening.


Parts of this article may be reserved for members. You may learn more about becoming a member on the Join page.

You are also warmly invited to join our growing community in the Discord server (there are many public features in there). The invite link is here: https://discord.gg/58FSjcDhvG.


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