S&P500 - After a pessimist week

SPX - We found a new support? The begin of the santa claus rally

I expect the SPX reacts at the support of the FIBO. Possible upward trend. My first target is 1220. Year-End target: 1300-1320.

Technology Sector

Technology Sector is testing the MA50. Possible upward trend.

SPY Update

SPY - Will the bulls going to continue to believe?

After a disappointing day for the bulls (SPY -3,69),  I share a more optimistic analysis. The formation of a Symmetrial triangle with a zone target, 135,10. We'll see tomorrow how the price will react to the support (5) if the support break at 121.80, the scenario will be invalidated.