Thank you for your morning call for 12-23. Greatly appreciated.
SPX is currently in a Descending Triangle,or Wedge formation on the 240 minute chart used by many institutional traders.
Support for SPX on the close on 12-23 is 2257. Resistance is at 2268.
Weekly SPX close chart shows support at 2255, a very important number to hold for the bulls.
A close below 2255 on 12-23 would confirm a Weekly "False Breakout on the 12-9 Cl of 2259.53
and move price back into the prior pattern ,thus confirming a weekly top in the S+P 500,
and that would be a very bearish scenario for the end of the year rally.