December 23

Discord access link: https://discord.gg/UPbu6PZFDp

On Friday we saw the “inside day breakout failure” after the lack of interest below the 5900 psychological level. Friday’s strong rally took us back to the 6000 psychological level and left three sets of single prints. These buyers were able to fill some of Wednesday’s single prints but we still have a lot of them that need to be filled.

• The most bullish scenario would be for buyers to keep us above the 6000 psychological level which would mean that they are keeping us mostly above/near Thursday’s high (inside day). I will be monitoring the top set of single prints that go from 5982.50 and 5987.25.

• If buyers can find support above 6000 or above 6028 I will be looking for a move towards the 6057 BZ level or towards the top of the Balance Zone at 6115 for a re-test of the bottom of the 12-Day Balance.

Bullish Scenarios:

• Longs above 5998 or above 6028 targeting 6057.

• Longs above 6057 targeting 6086 followed by 6115.

Bearish Scenarios:

• Shorts below 5969 targeting 5940 followed by 5910.

• Shorts below 5910 targeting 5881.

• Shorts below 5881 targeting 5823.

Nasdaq:

• Longs above 21,661.00 targeting 21,833.00.

• Longs above 21,833.00 targeting 22,046.00 followed by 22,300.00.

• Shorts below 21,661.00 targeting 21,488.00 followed by 21,243.00.