We tin come across that the S&P 500 Index (ES futures, above) bring recovered all of their Thanksgiving losses, every 2d traders milk tremble off the prospects of widening credit defaults. We're straightaway at the transcend of a multiweek range, alongside the 1111/1112 surface area every 2d resistance.
Note, however, that we're farther from bull peaks inward the NASDAQ 100 together with Russell 2000 Indexes, too every 2d the financial, consumer discretionary, together with release energy sectors. Accordingly, I exhibit a picayune over K novel 20-day highs today, fewer than nosotros saw inward mid-November. I volition live on watching closely to come across if that pose out expands; if not, I'd expect for a reversion deed dorsum into the range.
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