Stock futures gained before the market opened, signaling a strong monthly close

The November rally has not lost its steam yet. U.S. major indices continue moving upward and printing new highs. It seems the market will end November with a marvelous performance. However, a bearish correction might be due and traders will prepare for a short-term pullback before further upside. When a pullback happens toward support levels, traders could use the moment to add more long positions.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index continues its upward movement and prints another higher high. There is no change to the bullish situation yet as the index continues moving upward. Traders will wait for the index to start a bearish correction toward the support level for a chance to enter long positions in stocks.

World Wrestling Entertainment (WWE)

WWE share prices retraced from the $118.04 high and managed to reach the daily SMA 200. At the current time, the share prices are consolidating near the averages. If the share prices could bounce upward with strong bullish momentum then the bullish trend could continue. On the other hand, if a bearish breakout happens then the trend will turn bearish.