Santa suddenly left the Market when everyone was expecting a Santa Clause rally.
Unexpected year end profit taking hit the market as SPY had a pretty nasty sell off day since the election rally began. SPY closed right at 20 MA, 1st tap to 20 MA in a while. Interesting spot to see if Bulls can hold it here. If breaks , next support 220/212.60 zone. After such a big trend down sell off day, it might be a quiet or choppy trading on Thursday. We has a decent day in chat room, shorting high fliers like NVDA. As far as watch list,slim pickings,will be watching few names to see whether they hold or continue to sell off.
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