Technical Analysis and Outlook
The downtrend sentiment to Inner Index Dip 3785 has been completed as specified in the S&P 500 Daily Chart Analysis For the Week of December 16. The upside target to the newly created Mean Res 3880 is in play, with the additional upside moving to Mean Res 4020, 4085 with Outer Index Rally 4140 currently being revived per the current market sentiment. The pullbacks with this upcoming major rally are to be expected.
The downtrend sentiment to Inner Index Dip 3785 has been completed as specified in the S&P 500 Daily Chart Analysis For the Week of December 16. The upside target to the newly created Mean Res 3880 is in play, with the additional upside moving to Mean Res 4020, 4085 with Outer Index Rally 4140 currently being revived per the current market sentiment. The pullbacks with this upcoming major rally are to be expected.