“You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.” Warren Buffet
We’re heavy into the holidays with traders mostly away and volume lagging but stocks still look great.
Sometimes while volume is so low we can see some great moves but so far moves are generally pretty subdued, but setting up for continued upside action into the New Year, but time will tell.
There’s always the chance that stocks are just being held up for tax purposes and we will see selling accelerate into the New Year but charts are not saying this right now.
A nice wedge for SPDR S&P 500 (NYSE:SPY) still which points to a breakout higher anytime.
This is a very positive chart.