This story originally appeared on Zacks
The market has a way of proving the majority wrong. Just when investors thought December wasn’t looking strong, the S&P 500 looks set to post a new all-time closing high in what is historically one of the most bullish seasonal periods of the year.
The S&P 500 had been getting repeatedly rejected over the past two months right around the 4715 price level as we can see below. A strong finish into today’s closing bell will signal a break above the trendline, which could lead to further strength as we head into the new year.
Image Source: Zacks Investment Research
After skyrocketing more than 100% over the course of a month by early December, volatility has plunged back down to the range seen throughout the majority of the…