Normally, this is the time of year when you can get long the market and just hold on until the March/April period when going to cash makes sense. I’m thinking this year will be different due to the negative divergences in the Summation Index and the Cumulative Volume Index. I wouldn’t mind being proven wrong about this.
The bounce that the 5,3,3 Sto predicted appears to have finally started but could take a back seat tomorrow with the Jobs Report. If those numbers are decent, then the rally should continue. I posted on the 26th that the important area is going to be the 1440 area, and the Fib retrace # at 1447. Let’s see what happens once we reach those levels, if we indeed do.
Nothing much else to add to the post from October 26th.