Market sentiment changed to "All In" during Thanksgiving week, and in just four days the SP500 recovered all the ground lost during the last couple of weeks:

As expected, market breadth peaked, and that leads us to believe that a sideways/down stage is about to begin:

A mild correction, where the index bottoms above the November lows, will raise hopes for a possible year-end rally, although the seasonal indicator points to choppy trading ahead:

Ditto with the May-June analog: