Where is the Santa Rally?

Happy holidays everyone and Merry Christmas!!! This Christmas has been disastrous stock market wise. Worst December since 1929 for wall street? I hoped that we could hold above 2600 and start a move higher….but once we broke it…I warned all my followers on twitter that 2400 was coming….Oil showed the way…

 

 

 

Price broke past 2400 as well….but yesterday….I warned my followers that although we could see 2270, a bounce should come first

 

Price bounced more than 140 points in the SPX.

Is the entire wave 4 complete?

I do not think so. However other indices have found support and also show bullish divergence signs….

NIKKEI

(Also reached our bearish target)

 

and has found support at the upward sloping green trend line.

DAX

Shows bullish divergence signs…..but no confirmation of a reversal yet.

DAX has the potential for lower levels but could make a pause for a B wave bounce before approaching the 38% Fibonacci retracement.

2019 is going to be very exciting trade wise…..I wish you all happiness and good health!!! the rest will come with hard work….take care everyone!!!

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