Market Update 11/4/2019 - $DAX Breaks Out, US Follows

Ran into a SNAFU this morning. Pages not loading. Took me 20 minutes, and a reboot, to correct the problem, but no other surprises this Monday morning, except maybe on the short term charts. Looks like the $SPX is going to break above the top of the channel on the 10 min chart, and I'll get to that in a minute.
German $DAX breaks out above the 12950 level - as predicted on Friday - leading US futures higher. There must be some good news coming. Infrastructure spending maybe? Trade deal? Something's being priced in. 

Energy: We also saw a tremendous rally in Oil & $GUSH, with $WTI crude breaking out back above the 50 day moving average. I've since taken down those chart, and just want to watch it for a few days. I don't chase Friday short-squeezes.      

$SPX - I think I want to ditch the #1 chart, - in the public charts area - the 10 min $SPX chart, for the 15 NASDAQ chart, since big tech is leading the breakout on the DOW. Plus I'm seeing some better patterns on the NASDAQ, so trade the QQQ funds. The $SPQ has the highest exposure to Apple, btw.   

Short the Nasdaq with These Inverse ETFs - ETF News And Commentary

$COMPQ - NASDAQ -  See the ridiculous bullish channel in blue? I don't believe that pattern is relevant, but the bullish channel in black might be....  This sets up for a nice pullback ahead of Nov. OPEX, and maybe we can rally into Black Friday, since we're getting close to short covering season.       

I've run out of time.
Good luck,
AA

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