Pre open S&P futures are up and indicate the SPX could open above a short term declining trend line. If the SPX can move above 2266.30 which is .618 of the most recent short term decline it will open the door for the SPX to rally up to the last near term high in the 2272 area. Short term seasonal patterns are bullish the week between Christmas and New Year. Also the bulls could make another run at DJIA 20,000.
Mark
Komen
The_Unwind
⋅
Mark,
Almost perfect market call on the S+P today.
Excellent Analysis.
Almost perfect market call on the S+P today.
Excellent Analysis.
The_Unwind