10/30/2021 Weekend Update

[Cobra]

Up 4 weeks in a row, the next week has 66% chances to close up, 82% chances to make a higher high.

[Al_Dente]

ALMANAC
the first trading day of November
https://jeffhirsch.tumblr.com/post/6664 ... -up-over-1

[JFR]

SPY daily. Blue sky. Breathing fresh air. No quit in this market. Climbing the wall of worry. Can't last forever, can it? Ha ha.

[peterk95]

I find this incredible. How do you manage to produce such results ? I would like to know what pattern really works because I have tried several patterns and I can't get anything.I was recently told about the Head and Shoulders pattern. What is it really ?

[Cobra]

$AAII bull - $AAII - bear shows less bulls despite the market rallied more this week.

[BullBear52x]

from "It is what it is department" New ATH, can't get any more bullish than that, this is when TA is kicking in to sort out what futures hold for us? negative D is picking up, bullish % is pointing down. see the MACD below, the rally can continue a little bit but correction will come eventually, for this reason this is not the time to hold on any new positions bull/bear until the trend change is clear. I am looking for a correction next week, big or small remain to be seen.

A/D issues and percentage is clear, with new ATH in price this is another negative D that I can say with confidence that this rally will not sustain without a correction.

short term trend is up, dips will be bought until it fails then I can say we have a change in trend, for now the sky is the limit.

Intraday, I will pay attention to recent high, a reversal below that line will result in yet another failed breakout. no turning back for bulls, I am bearish bias into next week, Trade well, Peace!