The Christmas Parade - SPX DJI NDX IWM

All in the video, I believe we are close to a turn although a stab above 4700 would be ideal to take out the majority of bears who are still hanging on. A few days to go higher at most, but I believe the parade is ending soon. Last update I thought we would float up into christmas but now it looks like we will top before then.

Good luck!

Commentaire:

ndx

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squuezeeeeeee

Commentaire:

weekly BB reached, IWM gap filled, NDX to 16500, everything is hitting their targets. Could go higher, but these are really nosebleed seats up here.

Commentaire:

We're still in a resistance area, but a double top is possible on SPX. I want to mention that although I think we could top soon I am NOT calling for a crash, just a pullback. The Pullback may be very choppy while a dash to trash continues into January.

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hourly rsi is showing hidden bullish divergence. I think they will end the week strong.

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market still holding triangle, I still think it goes higher, but of course it can easily start rejecting hard into the close. We'll see.