Bruno81,Yes, imo from a TA perspective it's a healthy pull-back...

Bruno81,

Yes, imo from a TA perspective it's a healthy pull-back to the 5 MA.

I'm still learning the basics of TA and am happy to be corrected, but in this chart I have included-

5 MA
20 MA
50 MA
200 MA

It's also worth noting the "Golden Cross" where the 50 MA crosses above the 200 MA.



Investopedia-

"The most commonly used moving averages are the 50-period and
the 200-period moving average.

The period represents a specific time increment.
Generally, larger time periods tend to form stronger lasting breakouts.

For example, the daily 50-day moving average crossover up through the 200-day moving
average on an index like the S&P 500 is one of the most popular bullish market signals."


Bring on the Dec Trading update!