The SP500 appears to be completing a small degree 4th wave triangle while the Qs seem to be completing a 4th wave zigzag in a ending diagonal triangle. My best guess is that Santa Claus will deliver tomorrow followed by muted selling next week with perhaps one more attempt at a high by next Thursday. The last day of December is usually a down day while the first day of January is usually an up day. However, either on January 3 or right after a correction should begin. Once underway we can begin to assess the prospects for the extent of the correction. At a minimum the April high should be tested.
Posting will be minimal until the end of next week unless something dramatic happens.
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