Weekly Wrap Up: Front Running The Santa Rally?

While most my update from today is still applies, I decided to send out one to reflect the close. While seasonals turn bullish mid-December (as we saw) , the formal “Santa Rally” is actually defined as the last 5 days of December and 1st two of January (green ~80% of years) and is one of the top three most bullish stretches of the year with the other being the week that just passed. It is possible price is front running this to an extent given how extreme this week was (meaning less week may be less spectacular) but as usual price will be the guide. Regardless: ES clipped 4715 target into close, overshot a little, and failed late into the day. Here’s what I’m looking for early next week