Today’s Market Outlook:
With increased volume going into the end of the year, the S&P 500® rallied more than 14 points and hit a new all-time intraday high before settling back down at the close. The intermediate posture is strongly bullish with rising long-term Market Sentiment. This is the same Market Forecast pattern of the Dow Jones Industrial Average. However, the Dow is showing bearish short-term sentiment. The Russell 2000® and NASDAQ 100® both showed weak bullish intermediate trends with improved short-term sentiment.