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.