6 Green Days In A Row For SPX. #7 Incoming, Or Sell? December 15th Plan

Today was - incredibly - the 6th green day in a row for ES, and this occurred after ES has gone since *late October now* without two consecutive green days in row. As readers recall, I had been long since 4670ish on Tuesday and we saw a violent, 100+ point rally since then. Why did we rally yesterday? It was no coincidence as always - as discussed extensively ES had spent two weeks basing building a bullish megaphone pattern, and earlier this week, we broke it out. Yesterdays rally was two weeks of basing energy being released.

Last night, I finally exited my long for a 100 point gain, writing: “I am holding my 10% runner still, and will exit this completely at 4770ish as I am ready to exit this at +100 points”. I said afterwards - “I expect a complex session tomorrow and I am cautious here with longs (something I have said maybe one time since November)”…complex session it was, and ES after a full day of intense chop ES put in a rapid 30 point sell (and the first short in weeks), that was quickly bought up late day

Despite this though, ES still ended green for the day. Can bulls put in green day #7 tomorrow? In todays newsletter I’ll talk this, go over the setup that caused yesterdays violent melt-up, then talk the actionable plan for tomorrow.