DTI Daily Rundown - December 21

On TBUZ TV Today:

4780 Pivot.

4810 Resistance.

4740 Support.

Opens: 2023 3895.00; 4th Quarter 4349.00; Month 4571.75

Wednesday Recording: https://vimeo.com/896748047/f108a88183

ITB and MARA, Plus NKE Earnings

Patience is the word of the day.

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Market Review:

The Drop

Wednesday's high on the ES was 4830.75. Shortly after making the high, the market dropped back below 4817.00 and then went down to 4808.25. The market didn't stop at 4808.00 and dropped immediately to the area around 4771.00. The market was able to bounce and hold around that level. A little later the market dropped down to a low of 4743.25. It bounced back and opened the overnight session at 4751.00. In overnight trading the market rallied to 4778.00.

The highlight here is that 4808.25 and 4771.00 are numbers the market strived to achieve. Once that achievement was completed the market had its support numbers. So, when this market broke 4808.25, of course it was going to 4771.00.

Over 70% of stocks track with the S&P 500 Futures

Current version of RoadMap 10-20-2023

Genesis Bar: Dec 20 (11:30am ET)

High: 4824.75

Low: 4821.75

Major Events:

Dec 21 Final GDP

Dec 22 Core PCE Index

Dec 25 Christmas Day

Jan 1 New Years Day

Key Numbers Opens: Above or Below

4770.50 is the open of the Week

4751.00 is the open

4571.75 is the open of the Month

4349.00 is the open of the Quarter

3895.00 is the open of 2023

What's Hot and Not!

Nike (NKE)

Nike opened the year at 118.55 and opened July at 111.06. The fourth quarter opened at 96.20 and the month of December opened at 110.33. This week Nike opened at 121.41. They have moved to a weekly high of 123.39 and a weekly low of 120.86.

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