ES Morning Update December 31st 2020


Futures are flat this morning, so it's not looking like they want to hit that FP on the SPY today, but it's a full trading day so maybe they grind it up into the close? If we don't hit that 3780 area today then I'll start looking for it on the 6th next week. The market might just be waiting on that date to see what happens with the Georgia election and the electoral votes for president, which is on everyone's mind for sure. Waiting for a final top is just a game of discipline, which is only mastered after losing many times shorting too early. Therefore I'm going to wait until we hit that upside target as I've taken my fair share of beating and don't need anymore. Have a great New Year holiday this weekend.