The bulls gave it a good try today but sellers were able to close the indices below the October highs. Both the S&P and Nasdaq made candles with long upper shadows at that October resistance and at their upper Bollinger Bands. All of that makes me think that the next move is down. But as always, time will tell…
Here are charts of the Nasdaq and S&P 500
Trend Table
No changes
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Up | Up | Up |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
