The persistent drop yesterday to the far side of the range set since the FOMC meeting was a bit unusual and might be the harbinger of things to come, but am reluctant to throw in the towel on a new high just yet.
The S&P 500 has taken the first step to break up from the triangle that formed over the last several days. This week is historically positive and will assume the market attempts to continue to grind yet higher.
The market probably increasingly thins out this week as we approach Christmas. Have been working on the assumption that the equity indices are in a holding pattern last week and can see that drift into this week but looks like it should eventually break higher.