After a sharp drop at the open Asian equity indices are beginning to ease off their lows allowing the majors to see their own technical rebound after the kneejerk drop. At this point note hourly buys have been triggered across the board suggesting a deeper move looking for the current bounce with most Fib retracements necessarily redrawn. Note too higher time frames are starting to pickup suggesting a near term floor has been reached with the October lows though further equity volatility could see us retesting these levels. Ahead we may be looking at another illiquid trading day exacerbating technical breakouts as US markets will be closed for Veterans Day and the Canadian observe Remembrance Day.