Saturday 31 December 2022

Resuming lower


The SPX saw a net December decline of -240pts (5.9%) to 3839, notably back under the 10MA (4004). Momentum subtly ticked upward for a third consecutive month, but remains on the very low side. 

With a decisive monthly/yearly settlement <4K, the US equity market is to be seen as back to m/t bearish. Equity bulls have nothing to tout unless the recent double top of 4100 is cleared, and that doesn't look realistic within H1 of 2023.

For more of the same... 

For details and the latest offers  >>>