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Jim Wyckoff

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Santa delivers lump of coal to U.S. stock index bulls

December 22, 2023 by Jim Wyckoff

Stock market bulls must be on Santa’s naughty list. The U.S. indexes early Wednesday hit new contract highs and new highs for the year. However, Wednesday afternoon then backed off sharply and scored bearish “key reversals” down on the daily bar charts. That’s one technical clue that near-term market tops are in place for the indexes. Stay tuned! Jim Wyckoff

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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