We did see resistance at old highs today on the S&P so an ideal situation would be to break above this and truly solidify the strength of this end-year rally. I think we'll close the week with new highs - the S&P Daily has the MACD about to flip and volume once again favors the upside.
The Dow Jones Industrial Average isn't showing the same multi top symptoms on a closing basis. But its peak is quite in line with today's close. Then there's the DJT which has barely broken out of its falling channel (to be honest, I'm not entirely convinced it did). MACD indicators are strong, though.
S&P 500 Daily Chart
S&P 500 Hourly Chart
Dow Jones Industrial Average Daily Chart
Dow Jones Transportation Average Daily Chart
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