SPX Breaking Higher? What The Charts Reveal This Week

Video description: Market OutlookI am bullish on the market for the next 30 days. The technical price action remains strong, with major indices like the QQQ and SPY continuing to hold near all-time highs and posting gains week-over-week. We are entering a historically strong seasonal period for equities known as the "Santa Claus Rally," which typically buoy stock prices into year-end. Furthermore, with the FOMC meeting this week, the market is widely anticipating a rate cut, which would serve as a tailwind for valuations. While a hotter-than-expected CPI print on Wednesday poses a short-term risk, the momentum of ETF inflows and the alignment of technicals and seasonality favor continued upside through December.