S&P 500
S&P has followed the November dynamics helped by a breakout of the weekly highs on the same day as the Fed announces the printing of $600 Billion to stimulate the economy.
S&P is likely to continue up towards 1255.
However, it might take a number of week to get to that level, as I believe the market will move back and trade once again within the Weekly ranges :- Orderly patterns.
That means that in the short term the market can continue towards next week's highs
But it can also mean that next week begins with a minor reversal pattern to retest the Weekly breakout & 1201.25.
Trend guide 1217.50
Major on the S&P is now 1182
