The Fibonacci levels show here that there was little to no resistance at the 38 retracement. The S & P 500 broke through this level without major obstacles and then continued to rise.
That's a positive sign. In most cases, the next goal should now be the 50 retracement, so at around 2,644 points. We then have to look at how things will continue after that, when the time comes. Until then, however, the courses will have free rein. The third candle in December has a long fuse. At the end we are right now. Maybe that will stop the S & P 500 a bit.
Nevertheless, as long as we do not fall back under the 38 retracement, the bulls have the helm in the hand in the short term.
