Real or fake Santa?

The extreme golden week of gains

All five days were higher this week for both SPX and NDX and it was the best week for both indexes this year. The Russell 2000 had its best week in 2.5 years. VIX (-30%) had its biggest weekly plunge since Dec 2021 (9th largest weekly decline in history). Can this continue? Is this a real or a fake Santa? Let's dive in.

1 - Technical damage - to the upside