A.M. Look 10/31/24

Month end.

Spoos show a double bottom from the overnight session.

Spoo/Bonds are into last support.

Nasd has gaped a gap to the downside. MSFT & Meta are going to run this price action.

I.E. MSFT has been bought on every earnings miss for years. This has me looking for at least one try higher, so I’m on the alert for failed rallies. Weekly sell stops @ 413.75.

Look at the weekly charts for some perspective.

Owning equities up here is a rotational dating game until Spoos retrace to 5660.

Soybeans are trying to bounce against the Real.

This is something I have no wish to be involved with until after the election for reasons previously stated.

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