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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: Johnny Canuck who wrote (67500)11/2/2025 10:50:11 PM
From: Johnny Canuck   of 67816
 
Index Update October 31 2025

SP500 seeing a minor divergence, index is pulling back but the OBV made a new 52 week high. It looks like the market want to go higher short term.



DOW not as supportive but the up trend remains intact in all timeframes.



DOW transport still lagging DOW, but it hit a 52 week high on OBV indicating new buyers over the last few weeks.



DOW utilities breaking down quickly in the short term. The intermediate and long term up trend as still in an up trend. Something happened over the last week to generate a waterfall effect. While it could be the Fed announcement it could be more as the utlilities have run on the AI power play.




TLT indicating longer long bond rates being priced in. That would reflect the indecision signaled by the Fed.



USD trying again at $100 key level.



COMPQ also following the trend of new 52 week high on OBV even as the index modestly pulls back.



Russell 2000 negating short term sell signal setup.



Financials still on short and intermdiate sell signal.



Consumer discretionary n short term waiting status within intermediate and long term up trend.


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