SPY Briefing for Tuesday 12/26/23

SPY Briefing for Tuesday 12/26/23

Dec 26, 2023

Merry Christmas to all! I hope everyone enjoyed their long weekend!

My eyes are still on the 470 level to be lost over this next week. If it’s not, strength will likely continue in this rally until something is able to spook fomo buyers - either a news drop or a large sell off from algos/MMs. Volume will likely remain low the remainder of the year, so I’m more interested in price action post January 1st.

I apologize that these briefings remain on the simple side. I will be more detailed once I return from traveling for the holidays. In the meantime, I have been reflecting on wins and losses for 2023 and I look forward to diving deeper into what I’ve learned over the weeks ahead! Good luck to anyone trading tomorrow!

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