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Update-2019-11-01 - Stocks Break Out - Revised Bullish Count On S&P 500

November 1, 2019 J H

Revised Bullish Count with a truncated 5th wave - Hedge Funds and Institutions will likely use the breakout to sell into the short covering rally. For now the major resistance is clear but with the Federal Reserve bank acting absolutely clueless and… — Revised Bullish Count with a truncated 5th wave - Hedge Funds and Institutions will likely use the breakout to sell into the short covering rally. For now the major resistance is clear but with the Federal Reserve bank acting absolutely clueless and a 2020 Recession all but assured… Big Smart Money will start to off-load risk into this rally as the economic head winds start to chip away at the optimism. Stay Cautious.