S&P-Some might choose to ignore this structure, but it should be important into next week just as Counter-trend exhaustion sets in while time-wise this rally from early October is now equal in calendar days to the June-July bounce

Noone's fighting seasonality- The bias is typically negative starting in day 10 in November into day 15 in trading days, and this year's November is already higher by nearly 3% on the month, well above the average- Chart courtesy of Stock traders almanac pic.twitter.com/2HvcjWnyGI

— Mark Newton (@MarkNewtonCMT) November 15, 2019