Market Prep: Santa Rally in Effect

Hello Traders,

Historically, holiday week is up-week. Since institutional desks are closed, retail investors are largely in control. It is a short trading week, so we don’t expect major institutional players to be making big moves.

Looking at our technical levels, we could finally see a Santa Rally take hold. We have already seen a nice couple of days of recovery following the reversal. Let’s see if we can get that final $7k move before the year ends.

The odds are currently in our favor!

Slight resistance around 6,834 / 6,900 and then we’re aiming for 7,050.

Support: 6,820 / 6,760 / 6,740

Trade Ideas:

Here are 3 breakout plays for you this week. These names are posed to a strong move higher into the EOY and potentially in early 2026.