Just Going Sideways - Market Analysis for Nov 3rd, 2025

When the market moves sideways for a period of time as we have now seen since Thursday, it forces us to consider a triangle is taking shape.  And, the type of triangle this seems to be tracing out is a b-wave triangle.

So, I can keep today’s analysis rather simple.  As long as this morning’s high is respected, then I am viewing us as being in an (e) wave of a b-wave triangle.  That basically means that as long as we remain below this morning’s high, pressure will be down and a c-wave can develop over the coming day or so which can test the lower end of the initial support region.

And, just to remind you that not only have we not seen the type of reversal we normally see when a diagonal completes, but we are also still holding the initial support region.   So, the market has provided us with no signals that a top have been struck.  Therefore, there is a strong probability that once this consolidation completes, the market will make a run at a new all-time high, and can potentially approach the 7000 region next.