Technical Tuesday - December 22, 2020 - Equities

publication date: Dec 22, 2020

It has been a little over one month now where we have the S&P stuck within the target zone of our Money Flow Unit and MOB band. This continues to be a pause area, and we would need a weekly close above 3750 to have a breakout of this range. The Uptrend in the Nasdaq Composite remains intact, but we do have the daily chart indicating a potential stall zone directly ahead. No divergence, therefore no sell signal.

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