ES Morning Update December 10th 2024
We finally got the pullback started yesterday, but now what? Will we get that one more rally up to 6150+ that everyone is looking for (including me), or is this the start of the decline to the FP of 533.01 on the SPY?
When I look around at many different places I see everyone super bullish here as they are looking to buy this move down, so I have to wonder… will it turn back up and give everyone that big rally, or do we continue lower and lower and lower until they all turn into bears?
I don’t know the answer here as the market is super sneaky, which is why very few people ever catch a big drop. But I must be open minded here for the top being in for now and that we are heading to the FP over the next week or two. That doesn’t mean the final top is in as after the pullback is over with we could still see another higher high in January.
Nothing more to add as I’m just in a wait and see mode right now.
Have a blessed day.
Source: http://reddragonleo.com/2024/12/10/es-morning-update-december-10th-2024/
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