Friday Oct 29, the final trading day of October, was a see-saw day which ended with a new closing high and new intraday high on the S&P. The day started as expected with a dip to 4567 which immediately found buyers. By 12:30 the index was above 4600.
The early afternoon saw sellers push back but only mildly. The index slipped back below 4600 to 4590 by 3:30. The final half hour saw heavier trading with the index rushing higher to close at 4605 for a 9 point gain on the day.
The NASDAQ did better rising 50 points for a new closing high of 15,498 and a new intraday high of 15504.
Here is the Market Breadth Indicator outlook for New York and the NASDAQ for Mon Nov 1 2021 along with a review of the final week of October and the close of trading on Friday Oct 29.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Nov 1 2021
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