“There is potential resistance overhead from the lower boundary of the bull channel that was in place from June through mid-November.…the sentiment landscape has changed in favor of the bulls as of the pre-Thanksgiving close, considering the three factors below: The SPX is back above key short-term moving averages with a V-rally from the mid-November low The 10-day buy (to open) put/call open interest ratio on SPX components at its highest level since early September, and A short interest “explosion” higher ...