Instrument: US100
Bullish Preference:
Buy position is envisaged if price trades above 15980.49 with take profit at 16002.19
Bearish Preference:
Sell position is envisaged if price trades below 15946.50 with take profit at 15922.92
Fundamentals:
None with Expected High Impact
Comment:
5 Historical Patterns Suggesting Bullish Momentum Will Continue in December
Investor sentiment continues to rise and is increasingly outperforming its historical average (48.8% vs. 37.5%).
November was not only very good for the stock markets but also for the 60/40 portfolio.
In this piece, we will look at 5 bullish patterns that throughout history have rarely failed and are set to repeat as December kicks off.
Stock Market Today: Dow closes higher as rally mode continues into December
The Dow closed higher Friday, as Treasury yields were pressured by growing expectations for sooner rate cuts even as Federal Reserve Chairman Jerome Powell warned against “premature” bets on rate cuts
Analysis: SCRUM Team