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As a result of the positive day for stocks, the S&P, Dow and Nasdaq all closed the day well into the green, up 1.49%, 1.60%, and 1.54%, respectively. As a result of the flat market, “Neither the bulls nor the bears have any near-term technical advantage, which suggests more of the same, sideways trading action into the end of the year—barring any major fundamental shock to the marketplace,” Wyckoff said.Additional analysis was provided in the most recent Trade Letter from Eight Global, which highlighted that Bitcoin is now in a downtrend on the 4-hour chart following a sweep of the high of $18,200 on Dec. 14.