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Outlook 19 December

Posted by Dan on December 19, 2011

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).

S&P

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.

Danny

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