Although technically there are no many signals for significant advance in any direction, a possible scenario could be a downside move at the end of the first week and then a slight bounce back. As example of technical prediction, see the chart. The chart has been plotted using InvAn-4 pattern recognition forecast for S&P-500 index prices (November 1-12, 2010). From the summarized point of view, stock market investors may not rely on technical predictions but rather react to the US congressional elections and the Federal Reserve economic stimulus plans. Therefore, news might be a major driving force in the stock market for the first two weeks of November 2010.
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