Market Close Broad Market Trend Analysis, Tuesday, October 29th, 2019

As of todays market close, looking at our daily SPY chart, we continue to have a low volatility, up trend situation.  The daily candlestick appears to be a shooting star (since in an uptrend, otherwise an inverted hammer), so the implications is we may have somewhat of a pull back in the near term on the broad market.

Remember as a trader, it's important try not to guess or have too much of an opinion of what the market will do, but rather to trade it as it develops to be on the correct side of the market.