Market Update for Tuesday, October 31st, 2023

Good evening, traders.

Well after I taught my daughter about taxes using her Halloween haul as a cruel example, my blood sugar is amped to about 310, so let’s take a look at the S&P 500.

The bulls have achieved two technical breakthroughs.

The first is a clear break of the downtrend that began in the middle of October:


The second is that they’re making good progress on the little inverse we discussed yesterday:


Of course that was the pattern I liked the least, but so goes the market.

I have a few things I can add for tonight.

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Ok, we’ll see what happens. I hope everyone has a fine evening.

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