ES Morning Update December 27th 2023
A whole lot of nothing yesterday as the light post holiday volume kept the market up. Nothing has changed that I covered yesterday. I’m still looking for a “slow in the beginning” decline into the second week of January with the 4300 zone as the target. The rest of this week I only expect it to “start” but not a lot on the move down.
The day to day moves are not something I can successfully predict, but a move down into the 4600 zone by the end of this week still seems likely. Dip buyers will come in and there will be a small bounce the first week of January but it should NOT make a new higher high, and really shouldn’t be even close. Nothing more to add.
Have a blessed day.
Source: https://reddragonleo.com/2023/12/27/es-morning-update-december-27th-2023/
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