Backdrop Outside day on Wednesday Follow-through on Thursday VIX failing at the 35 resistance Temporary selling exhaustion after 13/15 down days
Where to next? Overall trend still down on most time frames Unclear yet how much this rebound will last Could be a temporary pause at the weekly SMA 200 (2,350) Could be a proper reversal after the recent price adjustment
What to watch out for On the upside - Look for a rally back to 2,640 and then 2,760 On the downside - Look for a retest of 2,400 and then 2,350
Trading strategy Trail the Christmas Rally but watch out for a fall back Started going long on Wednesday with tight stop losses Increased positions slightly on Thursday with same stops
交易结束：到达目标
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We are slightly below the 2640 resistance after a good run. Take profits and wait for either a pullback or a break of the resistance.