There is a rather clear bull flag continuing to build on the hourly index charts. The sp'1830s should hold for the rest of today/tomorrow..before a renewed push higher. Weekly charts are offering the 1870s...and even the 1900s are viable by mid/late January.
sp'60min
sp'weekly8
Summary
*VIX is higher by 5%, but I can't take that seriously, not with the overall market mood.
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So...regardless of whether the chop ends today..or continues into the Tuesday close...we're set for the 1850/70 zone later this week.
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