Two things to discuss today.

First, the holiday gap close we talked about last week.

Basically, when the markets are open near a holiday and trading happens on super-light volume, the markets tend to just drift one way or another.

Then, once traders come back after the holiday, the markets tend to “close the gap” and just return to the levels they were trading at before the holiday.

That is exactly what happened on Monday!

Also, I have a fresh long trade setup for you. You’re going to like this one.

Click the image below to learn more about it.

From here, it is not entirely clear what will happen as we head into the end of the year. My gut tells me we’ll see a Santa rally, but I don’t have a technical signal for that just yet. We could get one, but right now it’s not there.

YOUR ACTION PLAN

One place where I do have a perfect technical setup is Goldman Sachs (NYSE: GS). Below is the chart with my general thoughts – I go over the setup in more detail in the video above. So while I don’t have a technical setup on the indexes at this point, I do have a technical setup on GS, and that is where I’d like to place my next bet. Click that video play button above to get the trade!

If you’d like to see more long trades like these in real time, I highly recommend checking out The War Room. Bryan and Karim use a variety of strategies to make winning trades on a consistent basis. They have a 77% win rate in 2022, and right now they’re guaranteeing members will receive 252 winning trades in their first 12 months of membership.

Click here to join The War Room.

P.S. If you have any comments, questions or concerns, please email me at feedback@monumenttradersalliance.com, and I’ll get back to you in the next video update.