S&P 500 OUTLOOK for THU 12/20

Not Much to Boost the Markets In the Near Term – Any “Oversold” Bounce May be Short-lived Models continue to caution that any moves up could be potential bull traps – they indicate selling on any up-moves while the index is below 2535. The next key support lies around 2475.   Model Biases/Outlook: As we reiterated (more…)