Dec. 23 at 6:35 AM
As it was expected market went up yesterday. Today we have a lot of data, GDP, Building Permits, Personal Spending and Consumption. Industrial Production and New Home Sales. It will give a powerful boost to the market and stocks will rapidly will go up. Plus there will be gap up on open. But the most important is 3 of them GDP, Personal Consumption and Industrial Production. If it will be positive, those 3 indicators of 13 Real Sectors of the economy will confirm growth in US Economy. But still keep cold mind, Bullish sentiment is still on and only 2 days before Christmas stay on levels and trend targets, follow the plan. Today
$DJIA main resistance level is 48500 if it will be broken then we will have confirmation that 49000 will be broken for sure. After the break of 49000
$DJIA will open move to 50000. Main support 48200 and 48000. As for
$SPY Main resistance is 685 if it will be broken then we will have confirmation that 690 will be broken for sure. After the break of 690