The Monthly CPI number that will come out before the open will decide the fate of the markets for the rest of December.
As far as I can see, the Money Flow tells us that equities will move higher in the coming days/weeks.
The 10Y rates are now in a downtrend, while the $SPX is in an uptrend.
The overvaluation level of the $SPX at current rates is just above $4200. This is also the top of the current uptrend.
Conclusions:
Data points to higher prices.
Below are the trade ideas for the next days.