It was the PMI Composite Flash. Numbers were bad, so I guess markets go up! LOL https://us.econoday.com/byweek.asp?cust=us
We definitely have some bullish seasonality here - not just referring to year end but this specific time period. Further, we had the “Go Bears” contrarian indicator signal a couple of days ago.
They got me. Thought I was out of harms way. Some long bars today. Not quite smooth sailing, although it is going higher. Almost at last week's high for today's HOD. I'm sure we'll see another attempt by end of day. If successful, I don't see why we can't print 4050/60 by the Close.
Hey, @ Speedo! Fitty hits again on the 1005 et bar. That may have been where LF got stopped out. LF, watch that area. might be helpful. happy turkey day everybody.
I cant see it getting back near 4030 now. The SPX is back below the major 0.618 level again. Probably just downside from here on.