班长指示;
Another gap up, I count it as 7 gap up open in a row (flat open one day). Nothing to say, holiday mode, so most like a slow up whole day.
Global ES is testing the resistance now.
the major market indices are expected to continue to climb toward their overhead resistance levels, and halt there in tandem with several ST indicators having become overbought. The ceiling for the DJIA remains at 12,300 and for the S&P500 index, 1,260.
Some of the most bullish days of the year are the ones leading up to Christmas. In fact, going back 60 years those days before the holiday are flashing green 2/3rds of the time. And thus there should be no surprise with the rally that ensued this week.
Helping the cause is improving news out of Europe as the ECB bank lending program has been an even bigger success than previously understood. Plus another impressive jobless claims report certainly brightened the mood.
What's next? Gladly the days following the Christmas break are also historically very bullish. So with the fundamentals and technicals and history on our side, then odds are pretty strong that the good times will continue through years end.