At this point the market is very extended with an overwhelmingly bullish trend.
For the first time since September, 2020, the S&P 500 (ES) is trading above the 3+ average true range (ATR) on a daily chart. While we’re expecting this bullish trend to continue into the new year, expect shorter-term pullbacks and use them as buying opportunities.
For our swing trades, we’re looking for longer-term expiration in December and into January 2022. Ideally we’re looking for positions in the strongest trends with squeezes on multiple time frames, the patience to pick our spots wisely, and our setups to ride into early 2022.
Watch the video above for our watchlist of setups that we’ll be looking to take heading into the end of this year.
Stay Focused!