Good morning traders: Weekend thoughts 1/2: 1. Expect crow | Tic Toc Trading

Good morning traders:

Weekend thoughts 1/2:

1. Expect crowds to chase momentum on $1.9T pork barrel stimulus passing, gapping up S&P500 to 3888-3896 zone. Now 3838.

2. I may fade this move. For bullish sentiment to hold this week, I want a couple days’ value area to form at 3820-3850. That will be bullish for me with a good base.

3. However, I expect the lows at 3720 to be revisited and broken, exposing 3666, offering a better dip buying. At end of the day, it all boils down to where market builds value area on Monday/Tuesday Chicago sessions (with minimum 3-4 million contracts traded) . This will be a fairly easy setup to visualize and trade.

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