Nathan Bear, Lead Technical Tactician, Monument Traders Alliance Two things to discuss today. First, the holiday gap close we talked about last week. Basically, when the markets are open near a holiday and trading happens on super-light volume, the markets tend to just drift one way or another. Then, once traders come back after the holiday, the markets tend to "close the gap" and just return to the levels they were trading at before the holiday. That is exactly what happened on Monday! Also, I have a fresh long trade setup for you. You're going to like this one. Click the image below to learn more about it. From here, it is not entirely clear what will happen as we head into the end of the year. My gut tells me we'll see a Santa rally, but I don't have a technical signal for that just yet. We could get one, but right now it's not there. |
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