What a week! The $SPX finally broke the support of the 13 EMA which had offered support on many occasions over the last few months. The last time the market found itself under the 13 EMA was August 31 of this year which seems like such a long time ago. The 2.2% pullback this week was forecast and welcomed by many, although some have been calling for such a pullback every week it seems. Should be a good week with option expiration and POMO in full effect.

I’m doing another free webinar with Trade King entitled “Trading Journals: The Basics” on Tuesday, November 16 at 5pm ET. You can register for it by clicking here. Enjoy your weekend and the links!