S&P500 E-mini Levels For 12/26/2024

$ES_F Analysis & Game Plan

Big Picture: Bias is Bullish, Market In Upward Channel From October 2023 Low, $VIX Below 20 (complacency)

• Today´s Pivot is 6076

I decided to share an update today instead of waiting for Friday, as the upside targets outlined in the Sunday Post have nearly been achieved. In addition, see Monday´s Newsletter for the Holiday Schedule. The ES market initially sold off on Monday but then bounced back higher, reclaiming the critical weekly Pivot of 6010 as well as the daily 50 MA. This was a Bullish signal, and on Tuesday, the market confirmed its strength by holding above this area early on.