I really didn’t put much of a weighting on it as QQQ remains above trend without any sell signals at this time. Just passing the charts along with some levels & developments to watch for as I view trading like being at war… Always be ready for the unexpected. Is the market likely to make a big move today the day before X-mas with an abbreviated trading session? No, not likely. However, anything is possible & even if not today, we could get sell signals later this week when trading resumes after the holiday.

Also, let us not forget that Dec 24th one year ago today was one of the most technically significant days in many years, as that was one of, if not THE, most significant inflection points since the bull market started over a decade ago. Again, I don’t expect any fireworks today but I prefer to get the charts with any significant levels to watch for out to everyone in advance of any potentially important developments & not after the fact (such as today’s breakout in gold above the key 1488 level, which I’ve been highlighting for weeks).