The catalyst for a bounce could be positive GOOG earnings. Intraday trade has been mixed, but bullish early in the day in the sense that it fell and recovered.
I'll be watching this chart very carefully as a break of the trendline could signify a short term change in trend to the downside. If that happens then maybe the market chops sideways in Nov. If we hold then maybe another early Santa Claus rally for November.
SPX Daily Chart
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