Rallies continued on Christmas Eve in the holiday shortened session. The most important fact from today is the SPX moved back and closed above 6000 finishing the day at 6040. That puts a more positive tone in place for year end expiration on 12/31/2024 – and that pin being the JPM collar at the 12/31 6055 call. I update the labeling in both markets and add Fibonacci levels for both the preferred and alternate counts.Video Length: 00:26:59More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Dec 23
Weekly Technical Update: S&P 500 – Sunday, Dec. 22
Weekly Technical Update: Nasdaq 100 – Sunday, Dec. 22
