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 t…