Santa Rally Week? Dec 27/28 Trade Plan & Chart
Futures have opened basically unchanged (up a few points from my Thursday evening post) but thought I’d send out a quick update anyway. Analysis therefore basically unchanged from my last post, but price so far has pushed *above* resistance of the 1.5 bull triangle from November, with 4715 resistance with no weakness so far, and is now basing (RSI cooling off a little). This is bullish, but will depend how we open tomorrow. This next 7 trading days are the 3rd most bullish of the year in terms of return %, and in terms of win rate they are #1 of the year (close to 80% green the past 50 years). Statistically, not the week to be getting bearish but price action will be the guide. Here’s what I’m looking for (chart and analysis below)