Yes, I say! Wait, what? Didn't we just have a rally? Yes.. That was part 1.. Rally that got us here was quick and forceful. The bull gaps are still not filled acting as resistance/support. Using Elliot Waves, Fibs , and channels I show where I believe the Market could be headed into EOY year. Higher.. Much higher. Once it breaks the ATH Trendline (white) i believe that will allow the market to start going up and FOMO will start catching on driving it up even faster and higher. Could be Epic if all the stars in the universe alighn which it appears they are. We just had cool numbers again but the market went down a bit andf then rocketed back up in last 10 minutes. I think the market is waiting for Powell tomorrow and if he is not hawkish as usual and happy with cooling inflation that could be the signal to the market to continue up and we all will have a great Santa Rally into the new year.
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