It’s still a bull market, and last week we saw continued price action which was constructive to the current trend as the indexes tagged new highs and consolidated.
The buyers continue to provide support on even the smallest of dips, although we haven’t ramped higher since earlier this month. There’s still time for an end of the year rally, so with an underlying bid beneath this market, be careful not to rule that out.
As we head into a brand new week of trading, let’s examine some important levels to keep an eye on in the days ahead. That will have the greatest influence on how individual stocks are going to move, so it’s where the trading week begins.
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