Here's the ChartsEdge weekly cycle for the S&P 500, with the idea it gives some cycles indications today for anyone who doesn't enjoy an equities market holiday today (remember you can always locate using the "ChartsEdge weekly" label). Looking at the futures confirms the sense that yesterday may have already seen the rise indicated for Thanksgiving Thursday. It's a reminder too of how this was different from the ChartsEdge daily map indications yesterday (always remember to consider this with the daily maps - yesterday, Mike's comment with the map pointed it out). Working around the holiday it seems. Going under SPX 1100 is a bearish indication, and under 1082 would be more concerning for further rally prospects. Meantime if you're not having to trade, please enjoy time with those close to you! So here's that ChartsEdge weekly cycle forecast again:
And for everyone whether in the U.S. or anywhere - since the idea of Thanksgiving is to appreciate and give thanks for all the good things - family, friends, sufficiency, charity, and the myriad aspects of life:
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