S&P 500 Daily Chart Analysis For Week of Dec 8, 2023
Technical Analysis and Outlook:
Throughout the course of this week's trading session, the index remained relatively stable using our strong Mean Sup 4546 as a strategic price platform, notwithstanding moderate gains leading toward the Key Resistance of 4639 and Inner Index Rally of 4647. Moreover, the Inner Index Rally 4647 indicates a strong bullish trend for traders and investors to ponder. Once the market reaches the target price, the resulting squeeze could be substantial and chaotic. As a result, traders and investors should be cautious and attentive during this price action period.
Throughout the course of this week's trading session, the index remained relatively stable using our strong Mean Sup 4546 as a strategic price platform, notwithstanding moderate gains leading toward the Key Resistance of 4639 and Inner Index Rally of 4647. Moreover, the Inner Index Rally 4647 indicates a strong bullish trend for traders and investors to ponder. Once the market reaches the target price, the resulting squeeze could be substantial and chaotic. As a result, traders and investors should be cautious and attentive during this price action period.
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