December 9, 2021, 12:12 am EST
Volatile two weeks with down and up made a full recovery for the major indexes as shown in the S&P 500 ETF (SPY). Many advanced stocks are cruises or travel-related which means market participants are optimistic about COVID-19 Omicron development.
However, please note that there were low volumes in the past three up days. There are no confirmations from the major players to this V-shape rebound. Thus, we should be careful about this bullish bias.
Let’s keep waiting and watching what markets want to do next.