Close of the bar - quite a difference from the first few days of November.
Sum
Most USA main indexes look great; global stocks either way; safe havens TLT and GLD look terrible. Generally bullish for risk assets though DXY strength a concern and tech weakness a notable exception.
SPX M
Looks to be a hugely successful retest of prior high area when measured by both the price high 2134 and monthly close high of 2107 shown by the grey lines, as well as rising 10MA and near test of 20MA. RSI not yet overbought and the December Bollinger band will be noticeably higher. Everything bullish on this chart.
NDX M
Different story here with NDX struggling to close above the 2000 top of 4816 shown at the red line. Not entirely bearish by holding 2015 high and monthly close high (grey lines) as support.
INDU M
What a phenomenal move. If you only paid attention to the price high, this chart looked bearish for 2-3 months. If you allowed the monthly close high to act as support shown by the lower of two grey lines, you stayed much more bullish. Successful retest of prior high, hold of rising 10AM and near test of 20MA, close outside the monthly BB, RSI getting up there but room to move up - just nothing wrong with this chart.
RUT M
Quickly caught up with huge hold of 10MA and 20MA and blast through to new highs.
It is rather abrupt of me to condense global stock indexes to one ETF but here goes on ACWI. This is indeterminate - nice hold of rising 50MA, rising 10MA and flat 20MA - however, lower close than last up bar is vulnerable. We'll see what happens.
TLT M
Whoa - close under M50MA the first since 4/2014. It looks easy now but calling possible top in early July was much harder. At this point I'd say test of rising 100MA has to happen in next 7 months.
GLD M
This chart looks totally terrible.
DXY M
I've been calling for move well above 100 for weeks now, and it has arrived. Interesting to see how political events will impact DXY & EURUSD in near future.
USO M
Hard to get too excited despite massive rally. 2nd time above 10MA and lots of upside potential; still this chart looks like struggle to upside.