
Santa Claus Rally? Charts say sell; although this move down has not been confirmed by great volume, suggesting no institutional backing. This sell needs a test of the upper price channel around the 1272 price level to activate this trade. We'll look to get in on a "reject" of this 1272 resistanace area. Stop will placed 1273.25 for an entry at 1267.25. Stop is tighter than usual because the market can easily get away from us quicker than usual due to the year end dynamics.
