January 4, 2024

Good morning MonsterTrades! One change today, adjust our stop on SOXL to 24.50.  

The best setup would be a small gap down into 21-day at SPX 4693 and then reverse higher.  This is now in play and what we are looking for.  Queue continues to ignite but trying to remain super patient and see how the market reacts here.  No reason to chase the day to day as we mentioned the other session.  First week of the new year, allow price to dictate the trend and movement.  For those who remain patient, we will be rewarded.  Be on alert and ready today.