Have a look at the S&P weekly chart below and decide for yourself if we are about to experience a santa clause rally. As you can see every time we have hit the major support line on the weekly charts we have bounced quite healthily. Will this happen again? well...... I go more into detail in THE VIP SECTION HERE however, time will tell!.
|santa claus rally|
I will let you be the judge of a santa clause rally or not, but be careful I see alot of analysts saying the market is about to crash, but as you can see there is not reason to FALL IN LOVE WITH THE DOWNSIDE right here and now.
I will be out of town for the next few days, and will not be able to post an update. Happy trading! :-)
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