TradingView
RodCasilli
Dec 6, 2021 12:18 AM

Futures Levels | Santa Rally - Naughty or Nice? (MES, MNQ, M2K) 

10-Year T-Note Futures (Mar 2022)CBOT

Description

Let's take a look at potential key levels for the week, most notably the session lows from Friday. Will a Santa Rally begin to take hold, or is there more naughty action for the bulls?

This weekend the crypto markets experienced a 15-30% decline, mostly looking like another scene from the movie "Horror For Over-Leveraged Longs."

Given that backdrop, and the aggressive selling on Friday, I'd think the expectation would have been for a weak open for the futures stock indices. But so far, it's looking like the open following the prior Black Friday sell-off, and most markets are a tad green. Still, it's early, still.

Stay Green & Trade Like You Mean It!
More