Will we see a green or a red November?

With only 3 hours left in today's, and November's, trading, here's how the Monthly chart looks for the YM, ES, NQ & TF...at the moment, the YM is above November's open of 11910, while it looks as though the others will have to better the following opening prices to close in the green:

• ES - 1247.50
• NQ - 2353.25
• TF - 734.70

With the release of the Beige Book report at 2:00 p.m. EST today, it's possible that these markets could rally to close the month in the green, if the data is very positive...they've been high-basing since today's open after rallying hard in pre-market trading (however, that would require an enormous push on the NQ, but anything's possible!).

The Daily chartgrid below of these 4 E-minis shows that the YM & NQ have already reached their 200 sma, while the ES & TF are on their way...a close and hold above the 200 sma on the YM & NQ would confirm that an attempt to reverse the bearish Death Cross moving average formation is in progress...however, such a resolution would also require the participation of the ES & TF...we may see price bounce around in between the 50 and 200 smas until either an uptrend has begun, with price breaking and holding above the highs of their October highs, or the downtrend has resumed on this timeframe.