Interestingly the S&P 500 Index $SPX has closed over the Monthly High in October of $3,549.85, Bullish monthly. Similarly, The Index is trading over last week’s High. And today, it opened higher and closed higher than yesterday’s high, Bullish daily. The Index has tried, but failed, to close over the Monthly High, and all time High, in September of $3,588.11. A cycle inversion may be in progress here, we’ll wait and see. Stock chart below.
No forecasts, no predictions. ..this is pure Trend Investing.
Comments welcome.
Trendanomics 