The S&P 500, DJIA, and Nasdaq 100 have demonstrated follow-through after one of the best Octobers on record.  The 8-day ema is potentially getting ready to cross the 50-day ema, known as a Golden Cross; when a shorter moving average crosses above a longer one, it indicates that bullish sentiment is outpacing bearishness over the short term.  Monday's market action was a bit bearish, as the candle formed completely inside the body of Friday's market action.  Stops should be in place.

Leave a comment