Market Analysis for 12/26
The Bull's Gambit
Be sure you have read the Trading Doggy Style Starter Kit. I will be adding to this over time, likely first focusing on example executions. Trading Doggy Style Starter Kit. A recent update has been made with some additional content.
The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to The Week Ahead
Quick plan for tonight ahead of tomorrow’s shortened session and Thursday. I will plan to have this cover both days and will update if needed ahead of Thursday.
I saw no signs of the big seller in the action today which would seem to confirm my Friday suspicion that he covered all or a portion of his Friday starter. I read the morning selling as some left-over organic selling and some shorter time frame participant shorts. My assessment is that we have a familiar bull in the tape, likely from Friday morning. He took a bit of a gamble late today with the spike up, so we’ll see if it pays off. Heading into a shortened session over Christmas would seem like the time to take such a gamble. Either way the spike on an inside day makes the plan relatively straightforward from here.