Wow, just amazing as the turning point for the week December 11th for the DJI, SPX, and NasDaq was pretty big. Of course, its a Fed meeting too, but now we have a major push high on this turning point. The Dow Jones is a panic this week and we are hitting above the Quarter Bull (which is also a week and month bull) at 36952.70.
Watch DJI 36,952.70:
January is a Panic and Direction Change. We are literally testing this 36,952.70 and above and coming back down as of 3:17pm EST on 12/13/23. If this week comes down due to the panic, then this may occur in January too.
Again, I am on the side of these rallies not being sustainable into January. So adding some shorts here for protection of my longs into January 15th.
Watch NQ Futures 16767.50
Watching the March contract in NasDaq futures you see again the Quarterly went above and is below at this time. So will be super interesting as January could be a point of interest and direction change for the NasDaq.
