Short Term Trading Week Starting: 12 November 2018, page-82

American Indices delivered bullish candles last night.

Dow Jones +0.83%.  SP500 +1.06%.  Nasdaq +1.72%.  Russell 2000 +1.44%.

Indices are now at an inflection point.  MACD Histograms are hovering just above the zero line.  They need another positive day to push the Histograms to the upside.

SP500:

Today's candle is a "piercing line" candle which is bullish.  Indicators have kicked to the upside.

Plenty of overhead resistance exists.  We need solid pushy the bulls to overcome the very first line of resistance - the 200-Day EMA.  

But today's action looks likely to end this pull-back.

Commodities:

Energy remains under pressure -0.8%, but other data are positive.  Base Metals +0.68%.  Gold +0.11%.  Copper Miners +2.35%.

After yesterday's intra-day buying, we should have a better day today - that would be a bullish event.