medium and short term revisited #2

In last post the market did get about a 5% correction... though about 2 weeks after the post. Since then the major indexes have rallied back up to their November highs. In the meantime I noticed some speculative/leading stocks took big hits down and recovered less or mildly while some have recovered strongly with the major indexes.

We are now at an important level of whether the market either breaks out higher or turns down for about a 10% correction. The bullish seasonality and plenty of bullish professional 'smart' traders call for more upside. I believe we already had an earlier Santa Claus rally and could pause or correct for the time being.