On the first day of the supposed Santa Claus rally, the S&P500 hit an all time high.
In fact, since the beginning of the week leading up to Christmas, prices have shot up as the “Go” trend is renewed and GoNoGo Oscillator has moved back into positive territory on heavy volume, signaling that momentum is now in the direction of the “Go” trend. We will look for prices to consolidate above levels that used to be resistance.
