SPX500 XMAS RALLY POSSIBLE IF 4771 BREAKS UPWARD

The trading week before Christmas ends with a short signal on the 4hr at 4662 on171221reinforcing the day short at 4599 on 261121. Target now is 4388, the week pivot support.

A break above Day pivot 4771 must occur before the SPX resumes its bull market support by the weekly and monthly charts.

PIVOT 4771
Short positions below 4771 for 4508 and 4388
Long positions above 4771 for new All Time Highs