It's hard waking up early out here on vacation. It used to be easy, but ... it's nice to get to sleep in.
Hope everyone had a great Xmas.
Now get ready for all the year in review stuff.
On to the lie -
It ain't pretty. There is a somewhat obscure trend line that price may be getting support from here. I would not expect any backtest of the consolidation area above. Too far away now. BUT that would be a very likely technical thing to happen. Suck em all back in before ripping their face off. Yes, the old suckers rally. It would setup and epic collapse.
21-19 SPX is first real support. Below that the old ATH double top. Below that I see around 11. IMO 11 would set a great base to build on.
More to come below.
Have a great day.
Happy birthday to Mrs. STB!
GL and GB!
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