Here's an update to the S&P 500 December history.
This month has been good to the bulls for 18
of the last 22 years as the chart shows.
Even though last
December was a bit of a roller coaster ride, December came through once again.
A little dip to 2,925 to fill the recent gap in the Nasdaq
price chart would be ideal as an entry point from what the MensaMonkey is
"saying". If not, a little
chasing of price may be in order. We
will see how this final week of November plays out. The one month chart below show the recent price "gapiness". This year, it has not been uncommon to let the gaps go unfilled for long periods, but a dip to fill the last gap (at the red line) could stoke the December embers.