We hope everyone had a great Thanksgiving and had a chance to take a break from the charts. The market closes early on Friday due to shortened holiday market hours.
The bulls appear to have a chance to take the market higher into the end of the year. We are targeting the weekly 50 simple moving average (SMA) around $4,152 to $4,200.
In the video above, we’ll observe the structure on the weekly, daily, and hourly charts of the S&P 500 (/ES). Keep an eye out for Sunday’s weekly watchlist video where we’ll look at the Dow Jones Industrial Average (DIA) and potential setups for the week.
Stay Focused!
