After stocks finished off last week with a celebratory Christmas jam, the bears — who just a few days ago were still pounding their chests — have once again been forced into the fetal position. Such are centrally-dictated markets, which is a structure one must be aware of and traders would be wise to respect.
As we enter this holiday-riddled week, volume is sure to drop off a cliff as market participants will take some time off. US equity markets will close at 13:00 New York time on Thursday and will be closed on Christmas day. As such, I expect very little trading to take place on Friday, which is to say that any meaningful price action this week may very well be concentrated around Monday and Tuesday.
Read my full analysis here: https://www.tradingfloor.com/posts/us-stocks-the-christmas-jam-2962827
