Outlook 19 December

We finally got a more normal week.
Our lunar Green Period has started, so this should help generate a bit of a year end rally.
Let’s have a look at the current chart for S&P 500 Index (click for larger image).


The market is trapped in a narrowing triangle formation.
We have room to rise to 1250 here. But I do not expect a decisive move up or down before January.

Have nice holidays, and stay tuned for some interesting new year forecasts soon.


By Dan

Author of LunaticTrader and Reversal Levels method. Stock market forecasts based on proprietary indicators, seasonal patterns and moon cycles.

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