Recap for today & Next week
Will Santa drop the ball below 3803?
Hello traders,
Recap:
On Thursday night I have 3866 as an important level on free substack/twitter and it held all upside in Globex/OVN Friday early morning , touching exactly 3866. It also worked as a barrier through out the Friday RTH session for bulls.
On release of PCE data at 8:30 am I put out setup to Short against 3856. Which dipped to 3830 and we had same short in play after open that dipped to 3820 (level given in private ) creating enough points for the day. We setup 50 to 60 as chop area soon after to avoid all the mess. We had one long against 60 but it did not generate enough points as upside was limited by 66 most of the session.
Plan next week:
Drink, Movie, Food and less trading.
Next week is short week with futs opening on Monday night. It will be light trading for me as I am on vacation. Hope you all enjoy the holidays with family. See you next year and thank you for follow and love. I am enjoying this as far as I get more followers. :) I will continue to post setup for private telegram/twitter next week. We will see if Santa rallies to 3908 or drops the ball below 3820 to 3700’s Time will tell.