Hello Everyone,
Quick Notes: Consolidation day for the markets, no reason to overcomplicate the analysis of the major indexes. One possible scenario I see is a possible abc type of scenario where the indexes (SPX, IWM, QQQ), have had an A wave pullback and a B wave bounce, and may need a C wave decline to complete this correction. Next week is Thanksgiving and the market typically does well end of the month historically, while experiencing consolidation mid month as it is currently.
Strong day for the US Dollar
20 Year Bonds sold off, long term rates went up
Added a few new setups - NEGG, GPC, ACVA, SPGI, INFO, APEN, VIAV, PTON CCI bounce play
Matt
