Basing for a Move to Start the New Year: January 3rd Chart & Trade Plan

Futures are open for the first time in 2022 and we are now into January which is seasonally a rockier month for SPX (~50% of days green, but weakness more frequently manifests in back half of month). Zooming out, the technical analysis here is actually quite simple: We closed 2021 with a monster run and now price is basing sideways (basing defined as up and down price action within a range). As usual with a base the focus is not on the random noise within it, but on what way it will resolve. Here’s what I’m looking for tomorrow