Opportunities all week for Bears to take it down even more but they just could not. So, when it is not going down then it
has to go up. Seasonally Bullish holiday week -- so I think there could be new ATHs in SPX, possibly NQ also.
BUT.... it is the POLITICAL ANALYSIS that is driving this market recently so unless it is quiet on that front, expect
more nervous jagged market behavior. There seems to be more anxiety about the incumbent ..... strange year, when even stranger things can happen !
Another profitable week, my best trading period ever has been this September to now, and I have learned too many lessons during past 33 years to take too many risks since this market can punish you painfully.
So, I want to finish November in a cautious mode, and ditto for December, but I forecast a wild & cray December & January.
Holding only 4 SPY JAN PUTS in LT & RISK portfolios
Will buy by the tons if market declines by more than 3 to 5%, will gradually open longs on any decline.... maybe this holiday week will be the exception as has been this year so except a big drop! Doubt it.................