ES Journal - 2023/2024

I am out of the long, may go higher but if it does will be without me.



EDIT: This is in a decent short setup, but given time of day and context I could see us going higher. Plus one of my filters is saying it's not clear to short yet, so I am probably done for the day.
 
Merry Christmas, y'all!

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Sandy Claus Rally definition---

A Santa Claus rally is a calendar effect that involves a rise in stock prices during the last 5 trading days in December and the first 2 trading days in the following January.,[1][2] According to the 2019 Stock Trader's Almanac, the stock market has risen 1.3% on average during the 7 trading days in question since both 1950 and 1969.[2][3] Over the 7 trading days in question, stock prices have historically risen 76% of the time, which is far more than the average performance over a 7-day period.

However, in the weeks prior to Christmas, stock prices have not gone up more than at other times of the year.[4][5]
 
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