☀️ Morning Prep
NQ ES GC Prep for Dec 26
📝 TL;DR
Well today is technically a Federal Holiday, so I expected things to be pretty chill.
Santa Rally is real. Lets see if NQ and RTY can catch up to ES and YM.
SPX 6,890 is the level to watch.
⚡️Asking AI - Sentiment & Outlook:
$NQ: Bullish (tech rally, AI momentum; thin holiday trade).
$ES: Neutral-Bullish (resilient, steady climb; no major econ data).
$GC: Strong Bullish (record highs, safe-haven surge amid dollar weakness).
📅 Economic Reports & News
Pretty quiet the rest of the year. Some Ukraine/Russia meetigs. NVDIA licensing Grok for AI things. Mortgage rates are slightly lower this week, but sill in the 6s%.
📊 Futures Indices
NQ - Breaking Nov. resistance. re-testing the sell off. Lagging.
ES - Santa rally is real. New highs.
RTY - Forming a wedge near highs, CVD red-ish.
YM - Santa rally. New highs, red-ish CVD tho…
VIX - Low 14s. We’re cooling.
DXY - Back to Oct lows.
TVC - pegged down near 4s level.
GC - New highs on green CVD. Santa rally.
Overall, looks like we want to print new highs across the indexes.. lets see if that plays out in the last remaining days of the year.
⚡️Review of Top QQQ / NQ Related
APPL - Turning up, CVD still red, but POC volume upward.
MSFT - Coiling, poised to break out
AMZN - Turning up, shaking off red CVD
GOOG - Turning up, CVD transitioning green.
META - Pushing up, with higher lows on red-ish CVD
NVDA - Brok Dec. resistance, gapping up.
TSLA - Pulling back off highs, 480 looks like support.
QQQ - Looking to break Dec. resistance.
Overall, all names look to be turning up.
⚡️Review of Top SPY / ES Related
AVGO - Continues to turn up after sweeping support of the range.
BRK - Forming a wedge, trying to push up.
JPM - Strong. New highs.
LLY - Pushing up strong, testing highs, CVD going green.
V - Broke downtrend range, CVD strong green. Up we go.
NFLX - Weak, down we go.
COST - Strong bounce after we swept support, lets see if we continue up.
SPY - New highs!
Overall, even with the weakness in some names, we continue to push towards highs.
⚡️Review of Gold / GC / GLD Related Tickers
TIPS (Inflation Protection) - Big buying pressure on Monday, pushing price up. but still down.
DBC -(Broad commodities) - Rebound this week after sweeping recent low.
BTC - (Bitcoin) - Just hanging out at support really. Wants to break out, but not yet.
HG (Copper) - Supper up, strong. Looking to test highs.
SI (Silver) - All time highs.
PA (Palladium) - Super green and strong. Wide range the last couple days.
GLD/GC - Gap up on GLD, new highs on GC
Overall, Metals are up, and with GC and SI leading. Santa rally.
🔑 Key Levels
NQ - 25930s, 25825s, 25725s
ES - 7000, 6985, 6975, 6950s
GC - 4530s, 4475s
📈 SPX Gamma Levels
SPX 6,890, bearish below and bullish above. Support near 6,900 and 6,850 with resistance from 6,950 to 7,000
