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Friday, November 24, 2023

The likely roadmap for SPX

 It has been quiet for this short week as most of the big guys in the Street have been out to enjoy the Turkey.

 

 Now the seasonally bullish week is over. We will likely see some fireworks to the downside starting from next week or two. If we really want to see a decent Santa Claus Rally by the end of December, some pullback is needed. Here is the most likely roadmap for the next month or two. Of course nothing is guaranteed. The Market God is good at fooling people around and will try to make most people suffer the most. This is one of those times that most people, especially those bull FOMOs will feel a lot pain!

 

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