GreenBoxTrading

Why I see a Santa Rally this week.....

AMEX:SPY   SPDR S&P 500 ETF TRUST
I am not bull or bear in this market. Instead I look for patterns and trends and TRY to discipline myself to trade what's in front of me though I admit its extremely difficult sometimes. I did however notice something interesting here on the 4 hr chart, actually I have several interesting patterns to publish but I'll start here to keep it simple. First of all the green shaded boxes are high volume areas that I extracted from the 2 day chart as it has cleaner levels imo. The pink boxes are where I see an identical pattern both after the fed meeting in Sept and then again Dec. Also look at the RSI patterns during these times-identical. Since seasonality favors an upside move this next week, and because of the generally low volume trading that happens during the holidays, I think we could see a touch of the upper green box between Dec 30-Jan 4 ish. That's it, that's what I see. Let me know what you think. Cheers all.

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