The levels and signals are not making it easy this morning. So I will make the post quick.

Over the past three days, I’ve felt as though I’ve been closely observing every moment. After the massive run-up where price bounced off support for three of our indexes, price has hit a wall. Today one of those indexes did finally break through, and the other two are still bouncing around in the same location.

First, let’s look at those three indexes and set a plan for tomorrow.

The overall market breadth appears to be improving; however, there is a lack of conviction from both buyers and sellers. This looks like a setup building because everything has turned sideways. It is going to break one direction or the other soon. So ask yourself this; Do you want to guess or wait? That is what my charts are saying and I do not like guessing.

Today I still do nothing.

I am seeing more selling than buying. If not for the Mag-seven stocks, the S&P would be negative today. The current setup and price movement look like a trap, so I will continue to monitor breadth, but I will not be making any moves today.

As promised, here is my report for today’s move.

In a stunning turn of events, we have a move to make Monday. I didn’t see it coming, and the reversal was visually stunning. We have a lot to cover, so let’s get to it.

This post is mainly for my research so I can find the data years from now.

Happy Thanksgiving to all. I hope you are enjoying time with family and friends. If you’re traveling, stay safe.

Tomorrow the market is open from 9:30 to 1 PM. If you have a move and want to make adjustments, let me show you how things changed over the course of three days.

Monday was a reversal day, and today was a powerful move higher. I spent a lot of the day buying new positions and watching our TSP index funds starting to break levels.

Let me get right to it.

We have 3.5 days left in November. Half day? Yes, on 11/28, Friday, the US stock market closes at 1 PM. If you have a move left this month, you will be able to submit Friday by noon. Since I won’t be traveling for Thanksgiving, I will post a brief update on Wednesday evening, outlining any potential moves you could make on Friday.

This week we need to go through all our indexes and see if there are any signs of life.