January 5, 2024

Good morning MonsterTrades. Love the reaction right now and love gaps being filled all over the place this morning. IWM gap filled. SMH came back down and had a monster buy yesterday into the close for the June 170's. SPX Bulls need to defend 4690 – 4700. The market is dealing with possibly it's first down week in 9 weeks and we have folks running as if there is some systematic shift happening. This is why we always state to please silence the noise. The fear / overreaction you see on some of these financial networks can be nauseating at times. Backwards data, reflex reaction.

Keep this in mind; SPX is down about 2.5% from it's peak high of 4800. We ran from 3500 to 4800 and caught that entire ride in 2023 when most were chasing a recession / short. This is a normal pullback before we can run higher. Unless our trend lines break, we silence everything else.

Opportunity continues to be created here and we welcome it. OfCourse we would have loved better entries, but we will more than make up for it soon enough. Patience here and then w attack. We built a monster runway with profits in Q4. To be honest, would not be surprised to see this market go green today and we see a monster move into earning period starting in two weeks. This is one of the most highly anticipated earnings periods to come. Welcome this period! Be ready today for updates and a potential new trade alert.