Thursday 30 November 2023

A very bullish November




Summary 

The SPX saw a net November gain of +374pts (8.9%) to 4567. November saw a monthly settlement back above the key 10MA (4302), as the m/t trend has turned bullish.

Momentum ticked back upward, settling marginally positive. S/t bearish, if only a week or two. More broadly, bullish into mid January.

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