S&P 500 Christmas Breakout?
The S&P is moving along well but is also encountering a few stumbling
blocks along the way.
In September and October 2021, price went into consolidation, which
was due for that time of the year, and a breakout followed this.
The start of November saw the beginning of another period of consolidation,
which price currently remains in.
Price has attempted to break out on several occasions and most recently
was the last trading day before Christmas.
When the market reopens following Christmas, we may see price remain
in consolidation or a breakout finally.
What is clear is that the overall trend remains bullish, so we are anticipating
a breakout to the upside, but let price dictate the next move.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
blocks along the way.
In September and October 2021, price went into consolidation, which
was due for that time of the year, and a breakout followed this.
The start of November saw the beginning of another period of consolidation,
which price currently remains in.
Price has attempted to break out on several occasions and most recently
was the last trading day before Christmas.
When the market reopens following Christmas, we may see price remain
in consolidation or a breakout finally.
What is clear is that the overall trend remains bullish, so we are anticipating
a breakout to the upside, but let price dictate the next move.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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