Currently the market is in a neutral 50/50 coin flip situation before the close of November 12 shows the next direction. For large players it makes more sense to get higher shorts placed, before the Fed starts the first rate hike after such a long time (which can lead to a downtrend lasting several months). Which is why I'm expecting the rally first before new monthly lows are reached.
Stop Loss: 2065
With the price very slowly dripping lower and lower this scenario is becoming now more likely. But I wait until after the Yellen speech what happens. So far the price is still testing around the low area from October 27
Step 1: a promising rise, which was a fake out higher
Step 2: a larger dump lower