Thanksgiving Week Recap and Market Outlook
November 26, 2023 - Update
Because of Thanksgiving last week was characterized by very low activity. Nonetheless, the Equal-weight SP500 closed on the green and keeps trading within the consolidation box as shown below:
Notice how the weekly MACD indicator looks ready to cross from below the signal line. If so it would be a bullish sign for the short term. Let’s see what happens this coming week.
The Nasdaq is the stronger index and is approaching the highs of the year very soon:
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