Signals & Trading Plan for Monday 12/23/19

Market Context
We projected on the evening of Thursday 12/19 that $SPX $NDX $RUT would break out on Friday, and indeed they all did that.  They gapped up and spent most of Friday at our projected Resistance1 level, as shown in the comparison below.

We don’t usually achieve this level of accuracy across all indices, so we thought we might show off here a bit  :-)

Market Internal Indicators
Market breadth is still strong, indicating that Surge10 still has momentum behind it.  However, the percentage of bullish stocks are approaching top levels.  83% of Nasdaq stocks are above their 200-day EMA.  That’s very bullish, but it also means that prices are approaching a short-term top soon.  90% is typically where the percentage starts to drop again.

This potential short-term top is confirmed by volatility $VIX $VXN.

So exactly how soon will this short-term top appear? 
And what is the potential size of the pullback?

The full article covers:
Market Internal Indicators
Support & Resistance Levels
Market Projections
Planning Your Trades

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