We are closed at All Time High and most of the positions for the Santa Claus rally are getting ready to be closed.
Two days ago we had a selloff followed by two sharp up days. The volatility still low thus there is not fear in the market. The close of the weekly bar will say a lot about the next prices.
The managers who are looking to short this market are going to have appropriate days this week based on risk reward. On the other hand it seems this market doesn’t want to retrace.