Feds Lift / Bears Lean

SP500 is currently the laggard on a relative strength basis with a need to close over the Jan 4 bear line of 1423. Fed is providing all the encouragement and the added element of election year posturing about more stimulus is putting the bear in a defensive position. If there is too much weight to lift however, the SP500 will be the leader down and the DJI and NQ100 will follow.