Leaning weak

October saw the sp'500 settle under the key 10MA for the first time since Feb'2016. Monthly price momentum has turned negative, and increasingly favoured the bears in November.

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*An overly late update....

Suffice to add, with the macd (blue bar histogram) turning negative in October, we're at MARCON 6. For 5 or lower, we need to see the black macd line cross below the zero threshold. That looks possible no earlier than mid 2019.