SP500 – Daily Analysis

Today, the market celebrated almost everywhere, with green across the board and plenty of reasons for optimism. We will leave the champagne to the politicians and turn, as usual, to our old friend—the technicals. After all, the more interesting question is not what happened today, but what today may be setting up for tomorrow. Was this the first meaningful push of a broader rally that now needs confirmation, or did the market simply enjoy the party a little too much before a potentially rude awakening? Let’s see what the charts are telling us. CANDLES & TA Signal Today, my indicator bounced for the first time since August 30. Is this finally a bottom? Possibly. But after 46 trading days of persistent decline, I would like to see confirmation—and, more importantly, a corresponding turn on the weekly frame. That makes Friday a critical trigger point. Until then, all previous evaluations remain…