Tomorrow is a toss up as to direction at the time of this report. The major recent trend has been to the downside, but the late rally Monday combined with bullish financial reports creates some uncertainty about Tuesday's "tilt."
2 Day, 20 min. - Nov. 2 - Lots of volatility today with significant reversals that seemed contradictory to technical indicators.
20 Day, 2 Hour - Nov. 2 - The 20 Day chart shows an "Over the Hill" pattern with a significant downward trend. Is this the new direction? It remains to be seen.
1 Year, Weekly - Nov. 2 - Longer Term the chart remains bullish and supportive of today bounce off of support. The rest of this week will be important in showing us the direction of the market.
Tomorrow is a toss up as to direction at the time of this report. The major recent trend has been to the downside, but the late rally Monday combined with bullish financial reports creates some uncertainty about Tuesday's "tilt."
2 Day, 20 min. - Nov. 2 - Lots of volatility today with significant reversals that seemed contradictory to technical indicators.
20 Day, 2 Hour - Nov. 2 - The 20 Day chart shows an "Over the Hill" pattern with a significant downward trend. Is this the new direction? It remains to be seen.
1 Year, Weekly - Nov. 2 - Longer Term the chart remains bullish and supportive of today bounce off of support. The rest of this week will be important in showing us the direction of the market.
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