DECEMBER 22, 2023 — FRIDAY AM
NOTE: Monday Dec 25 is a market holiday. This is the last pre-market video until Wed Dec 27. Happy Holidays, and enjoy the break!
Bulls are looking to defend morning weakness for a check mark trend day higher. We may see a modest move higher, but not expecting a breakout or high-range day. Sideways-to-up, as the market looks to hold gains into the extended holiday weekend. Crude Oil may have found a higher low, which could open up a return to yearly VWAP near 78 by the end of the year. Gold is getting a big retest of 2080 from below.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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