#SPX = Daily Update = 04.11.2021 $SPY #investing $SPX #trading #ES_F #DowJones $NDX

The indices are possibly to take a pause for 3-9 days before melting-up higher.

The 3-day candles of ES and NQ moved above BB and are a bit overbought. A good chance that they move horizontally for the next 3-9 days (remember each candle represents 3 days) while resetting RSI and moving closer to 8 EMA.
DJIA has printed a bearish daily candle that could flip either way. We will see what kind of confirmation candle is printed tomorrow.

If my EW counts and Fib levels are accurate, $4680 is the top for $ES/SPX and it should retrace from there. The red or the blue path – the main question.

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