Market Outlook™ – 12/09/19
Today’s Market Outlook:
With extremely light trading volume and small trading range, the S&P 500® closed lower by nearly ten points. The intermediate posture is strongly bullish and long-term Market Sentiment persists in the upper-reversal zone. But, short-term sentiment appears to be heading back down after a brief rally last week. The near-term line fell back below the 80th percentile and the momentum line dropped to extreme lows with the index’s close right at the day’s intraday low. As usual, all the major indexes’ Market Forecast charts appear similar to one another.