Chart of the Day: SPX [Video]
If you watched the Week Ahead video then you know that we were expecting an end of year melt up in the markets. We still have a couple weeks to go and this may still be the case, but we must note we are at key resistance today. Which could allow for a very shallow pullback before a continuation rally. We are at the 127% Fibonacci extension of the COVID-19 move lower. This level is at 3727. With the SPX forming an ascending wedge and divergent RSI there may be a risk of a pullback.
![Chart of the Day: SPX [Video]](https://socialstatic.fm-cdn.com/social/202012/c538e6ee7f4632b5890813c3dbe4b6e6b4edad69.png?x-oss-process=image/quality,q_70/format,jpeg)
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