Sandy,
Have a look at the Candle Stick Pattern on the Weekly SP500 Looks like a Pennant to me last ones a Doji Star or Rickshawman Doji.
So it all depends on Next weeks open, a higher open than close should give a Rally into Xmas..imo
Also note on the Daily Charts SP500 & The Dow its in a corner between 2 SEC's Red Dash & Blue Dashed lines the Ma's are at a turning point they need to cross the Blue 50day for a Rally the bollinger bands are getting quite tight to the Inds can stretch some to imo.
Daily Inds look like they need to come off while the weeklys have more to go so is it going to be a flat week or one full of volatility with a close Higher than this weeks to give a big push up the following week or a ripper week and trade back t the 14D MA you tell me..lol
Cheers Pete.
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