Dec 27 TA
SPX keeps filling in the weekly chart perfectly, as the prediction in October that we’d follow the Q4/17 script continues to be proven accurate. How this ends in 2020 will depend on future Macro, and whether models will downgrade like Jan 2018 remains to be seen.
Macro remains Overweight, swing longs have generated profits all year. Maybe we’ll get a downgrade in 2020, but not yet.
Traders can try SPY Puts against this top rail, looking for a pullback to 3180 area.