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The S&P 500 Is Still In A Bullish Uptrend Dec 22 2020
The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
The Presidential election is still not 100% conclusive yet as President Trump still fights on. We will have to wait for Jan 6 where the electors will send their votes to congress.
With two slates of electors from swing states, if a representative and senator objects to the results, then a debate may follow. It may still be up to the representatives from 50 states that will decide who will become the next president.
If the Republicans and GOP stand firm together, it is likely that President Trump will have a 2nd term. That's because the Republicans control 27 out of 50 states.
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The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
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