Here Comes the Crash?

Good Morning:

Overnight traders did their best to drive the index below yesterday’s low but failed.
So we will see if today’s crowd can take us up and out of what appears to be a bull flag.
Instead of obsessing on a crash, investor energy might be redirected to how well the S&P 500 and Dow are holding up under the Crypto crash and other negatives.

So my outlook has not changed. We have a couple of short-term cycles to transit until we begin our journey to the 18-month cycle low in early spring.
And who really cares about wild market calls anyway? It is all ego. We are here to make money.
We will work both sides of the market as it presents.
We continue long from the 10/13 Navigator Algo buy signal, working it through the hourly charts until we are stopped on a serious poke below the 5-day line.
Granted, we have come close several times, but close only counts in horseshoes and hand grenades.
The next event is the November Fed minute release tomorrow. Either they will continue their hawkish stance (expected) or soften the rhetoric (rally ahead).
Let’s continue the ride. You know the framework – 4000 resistance, 3900 support, and 3950 neutral.
Don’t forget, parachutes from 3900 to 3600.
I will be in the trading room about 30 minutes after the open.

A.F. Thornton