A Shortened Day Calls for a Quick S&P500 Chart & Thought
|1 hour ES ..|
So far we are following a down trend from highs of 1268 from two weeks ago.. pressure is on the 1260’s for sure.. if they trade and are firm this could be the ‘pinch’ the index needs to jump into the new year.. THOUGH this santa rally as you can see by the red line on the volume plot has been declining.. even on red days declining but more pronounced on from 1200 to 1260 in 4 days with zero concrete news… unless this tax issue washington resolved for two months is good news in your opinion.
Crude.. you know.. ran to 100.20 then failed miserably.. now back to 99.80…
Currency’s quiet.. DIVERGENCE
if 1260 again fails.. i am looking for 1240 sometime next week.. if the bots push us over.. even on low volume… it will trigger all kinds of alerts and force shorts out.. has happend to me.. price is still price.
cheers. be safe.