GE has been forming Lower Highs and Lower Lows with a strong resistance @26.32 and good support around @25.07. The Elliot Major cycle indicates the completion of Wave I, II, III and IV with V to complete the pattern. The RSI also indicating a strong resistance.
History indicates that the month of NOV is not very good for the market. For the past 5 yrs their has been a drop of atleast 10% (average) during the month of November. Due to the recent blockbuster movie "The Government Shutdown" the numbers dont support the rally and SPX needs some real correction before we can buy yourself for the next year.