I hope everyone had a great holiday weekend! It was a short week heading into the end of the year.
Remember that the market will be closed on January 2nd, the day after New Year’s Day.
After wiping structure, the S&P 500 (/ES) retested our lower trendline at $3,805 and held. On Thursday, /ES ramped, retesting that level and rallying toward structure above at $3,875.
Even though the market is in a tight range, it is setting up for the new year.
Check out the video above for a breakdown of /ES and critical levels as we head into the new year. I also provide my favorite setup on AAPL with levels to watch.
Stay Focused!