S&P 500 December 2016 outlook
S&P 500 index on last trading session closed at 2191 with loss.. On downside 2165 is major pivot support and above it traders must keep buy on dips strategy. For month of December 2016, . In short term expect some correction and consolidation and then primary trend will resume. Weekly closing below 2165, will alter trend and major correction phase will start. In that scenario, . From above 2170 remain bullish and buy for my long term target of 2287.