Atough US market only had small loss Friday, the bearish market breadth are indicating more downside is ahead. On the other hand, both Nasdaq and $SPX bounced off a little bit from their daily 20EMA. From their 6o min chart, the MACD histogram is showing positive divergence. This means the market has higher chance to bounce Monday morning. Nasadq could first test 2160 and then 2170 if 2160 is taken out. $SPX could first test 1095, and then 1100 if 1095 is taken out.
My SuperTrend Trading System is still at buy signa. And my mechanical major top and bottom system is still at major buy signal. My short term system is still at short term sell signal as of 11/20 market close.
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