The market rallied again on last Friday. The bulls finally crushed the S&P 500 resistance line at 1210 yesterday, with a close that was 11 points higher than that important number and just 4 points off of November’s high. So the only remaining barrier for the indices is their November highs, which is 11506 for the Dow, 2593 for the Nasdaq and 1127 for S&P500.
You should cash in some good profit since my bullish alert last Sunday. Although December is the most bullish month of the year. I suggest you lighten your long position at this level.
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