Following Friday's closing, $S&P 500(.SPX)$ was breaking recent neckline resistance, with a solid green candle. The breakout came with a nice significant volume, so I think A&P will continue to trend higher next week.
Therefore, personally, I am more towards a Christmas rally rather than a fally. If you are a safe trader, you might wait for at least 3 days for the S&P500 movement. If the price can sustain above 4600 within 3 days, then the bullish continuation shall kick in pretty soon. Hohoho, a real Christmas rally is to be expected this year. How do you think? Similar to $Nasdaq100 Bull 3X ETF(TQQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ and DJI, they should be short term uptrend. However, I am not bullish for all the sector, the sector that I am bearish with is the energy sector, $Occidental(OXY)$ due to the weak oil price since November. More downwards movement is to be expected.
@TigerClub @Daily_Discussion @TigerSG @TigerStars @CaptainTiger @MillionaireTiger @TigerEvents @Tiger_comments
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments