SPY Briefing for Friday 12/22/23

We saw a recovery of 470.65 into the close today. We’re either going to see it act as short-term support for another bounce, or we’ll lose it again and see that turned into resistance from here. As we continue chopping around it, that’s what I’m watching for. So there it is. I know there’s not much in here tonight. This market has been incredibly boring from a technical standpoint. I imagine that after Christmas, we’ll start seeing volatility come back in.