There is no need to stress about the fiscal cliff, it seems the xmas rally continues, as we have been suggesting for weeks now. SEE THIS POST HERE!
The proof is in the charts.
Have a look at the nasdaq chart. It now has formed a lovely inverted head and shoulders pattern, and still looks bullish.
Next the S&P has been lagging recently and with todays nice green, it seems to have caught up.
Summation nothing has changed, it still remains on a buy situation, as we have been warning of the 15th of NOVEMBER in our POST HERE and our POST HERE
It seemed the bears keep screaming but they keep getting beaten up by the market. We have been saying to try and stay away from the bearish side for weeks. And that mentality should remain until the charts tell us otherwise.
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