Still hitting the 2sd bottom range of the keltner channel. It's possible we still drop lower, but we are also hitting earnings season. CPI is Wednesday. VIX opex is 1/22 so we could get some kind of fireworks move that touches a 3sd and mean-revert a bounce back to the 21 EMA.

December finished at the lows of the month creating a possible intermediate top in Dec around 6100, would need to break 5966ish for a climb back to ATH. Holding 5966ish aims for steps down instead of more steps up.

Getting the pullback reaching the gap fill from the Nov election rally. Some call it returning to the scene of the crime. With opex tomorrow we could be nearing the end of this softness, for a year end rally. Dec lows tend to be important. In 1Q, we could see 2025 volatility if Dec low breaks.

Stretched and getting into a seasonal Dec softness. Should pick back up into end of year but could be in for a soft pullback into mid-month.

SPX still trending after holding up on the 21 MA mid-November. See if 6000 begins to be the floor as we extend up to 6120ish.