Abrupt reversal paves way for short-term Equity pullback before Santa rally gets underway

Technically, Wednesday’s rapid About-face is a short-term negative and represents the beginning of a short-term decline following nine straight days of gains for SPX. Pullbacks into Friday of this week and/or next Tuesday (post the Christmas holiday) likely should prove buyable for a move back to exceed SPX 4818. Overall, this quick reversal of the big surge in US Equities should be buyable, but will require a bit more time.

The quickness of th...

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