I want to make some points - Bullish thoughts
1. SPX touched the low of day before yesterday and made a double bottom
2. VIX double top
3. GS - one of the market leader made double bottom today as well
History : Historically last week of October and first week of Nov seems to be bullish movements
Bearish - thoughts
1. If Monday close below today's low definitely bearish
2. VIX is in long time support of 20.51 (from 1997 onwards). It is very hard to broke
3. Market rallied from July 7 Th, with out major correction
1. SPX touched the low of day before yesterday and made a double bottom
2. VIX double top
3. GS - one of the market leader made double bottom today as well
History : Historically last week of October and first week of Nov seems to be bullish movements
Bearish - thoughts
1. If Monday close below today's low definitely bearish
2. VIX is in long time support of 20.51 (from 1997 onwards). It is very hard to broke
3. Market rallied from July 7 Th, with out major correction
