ES Morning Update December 28th 2023

Still nothing yesterday as the bulls “hold the line” in this light volume period. This will last until tomorrow as next week the big boys will be back. It’s not easy holding short in this crap as I’m going against the grain calling for a big drop, and clearly I’m running out of time… but it’s coming.

Will it start today or tomorrow… I don’t know? Many others are still calling for much higher prices, are they right? Only time will tell. I”m clearly early on the call for a drop but it’s never easy to nail the exact date… no one does. Today and tomorrow are really important as possible top dates.  The drop that is coming should be 10%+ in 1-2 weeks.  It’s going to catch everyone off guard for sure.

A low into the second week of January for this drop is likely, then a bounce into OPEX week, and down again into the end of the month after that.  We are super close now.  I’m just remaining patient.

Have a blessed day.