Our belief is that the markets will end the third week of December with a decline. There should have been more responsive buying, which was not present. Not a good sign for the bulls.
141.95 area with an ascending support line will drive this much higher. Too many people on one side of the boat, and that's shorting the market through the end of the year. Those investors will get squeezed.
NewAgePit
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Santa Claus rally is also not out of the question. My real concern was that there wasn't enough push from the bulls around 142.00. Monday's action is definitely going to give a good clue as to the way the week will go.