Thursday, June 13, 2024

ES Morning Update December 20th 2019

A nice move up yesterday to put another new all time high. We are getting close now to top zone on the DOW that Oscar Carboni had as a year end target, which was 28,500-29,000. The SPY paid dividends today and it's dropped about a buck to reflect that payout, but the rest of the market is flat for the most part. I really don't have much of an opinion right now as the market still seems to be sleeping with no clear direction. It's a grind higher slowly until those upside targets are reached I guess.

It might continue into the end of the year, just not sure? But we all know a surprise move down is right around the corner... catching it in advance is always the tough part though. Today is a Friday and I don't see high odds for the bulls or bears today, but of course would lean more with the bulls due to the extremely light volume and holiday time of the year. Nothing else to add so I'll end it here. Get yourself some coffee to stay warm and to stay awake as it's probably going to be another boring day. Have a great weekend and may God bless you during this holiday season.

Author: Red

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