ES Morning Update December 26th 2025
Going into next week we should pullback to fill a gap on the ES from 12/19 at 6895.25, which is close to the 6828 SPX level that is equal to a FP on the SPY of 680.59, so there’s lots of reasons to think that will be the target low. Today should make the high of Small Wave 1 and then Small Wave 2 down plays out next week with the ideal low on the 31st, possibly Friday January 2nd. After that low we should see a non-stop rally for 3+ weeks in January. Below are my charts with the wave counts.
Have a great weekend.
Source: http://reddragonleo.com/2025/12/26/es-morning-update-december-26th-2025/
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