The Christmas rally. Are we being Scrooged?Most time frames are...

The Christmas rally.

Are we being Scrooged?

Most time frames are for a top December 21. That's 7 trading days left.

Some like SF say from later this week, giving only about 3 days to Dec 21.

If the target was an SPX 1360, that's become pretty near impossible--- 17 points up every single day (7 days, let alone in 3).

So the alternatives are, a lower target, which in my view is not much of a rally if at all.

Or, longer time frame, into early next year, as happened in January 2010.

The US overnight action.

DJIA bounced off the 200 sma, the SPX bounced as it approached the 50% fib ---and the VIX fell!

Doesn't look like a convincing down move to me.

But maybe I have too many twinkling Christmas stars in my eyes :))