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Happy Holidays- 5 min Technical Video and Brief Comments

5 Min Technical Video covering

https://stme.in/t12Zcp6gG

 

Minor gains in Equity futures this am while most of Europe is also positive with STOXX 600 set to potentially record its best monthly gains in more than a year-, UK market closed today and lower volume throughout as might be expected.  US Dollar along with WTI Crude extending gains again while Gold also bouncing-  US Treasury yields showing a bit of resilience and Italian and portuguese bond yields climbing while German and Swiss yields lower. German bund yields this am back down under .20 bps-  Consumer confidence and Richmond Fed Manuf index due later this am.  For Traders.. Important to see S&P climb back over 2272 which would result in acceleration back to new highs with targets up near 2290-2300 into year-end-   2251 important as support, and until breached, pullbacks would be used to buy against this level-  Premkt gainers this am: IONS, CNAT, BIOS, GOGL, ONVO, CEMP, RGLD, while on downside-  ELGX, INAP, and AMPH-   Overall, a bullish stance is proper during this final 4 days of the year and greater than avg chance for stocks to push higher with continued resilience in DXY, TNX and S&P futures--  Let me know if you have any questions.. and Happy Holidays to all

 

 

S&P-  HOURLY-  Consolidation should give way to upside-  2265-6 initially imptthen 2272

 

 

 

 

 

 

 

S&P-Daily