SPX ES SPY Setups for 12/28

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The subtitle for last night’s post was “The Next 40-80 points is Decided Here and Now.”

This decision range we were watching was effectively 4817.5-4832.5. Price spent almost the entire day within this range with only minor excursions. The last 5 minute candle ripped to new highs above the top of this range. Will this move be validated or rejected?