♟ New Record Incoming... and the Trade I'm Actually Taking

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Profit Stream: Santa Rally

"This isn't hope - it's pattern recognition. Sometimes the best trades happen while everyone else is watching something different."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

Nate Bear

Dear Reader,

The Santa Claus rally is officially underway...

We're one "average true range" away from SPY records - less than 10 points with a $9 ATR.

But while all eyes are on SPY, I'm watching FSLR set up the cleanest consolidation pattern I've seen in weeks.

This isn't about missing the SPY party. It's about positioning where the real edge exists.

FSLR Just Hit My Sweet Spot

Take a look at First Solar's weekly chart...

It had a strong 2024 move... then a healthy pullback... and is now consolidating with a daily squeeze right near all-time highs above $300.

There's a gap to fill around $264 and support down near $255. If this thing gives me a pullback into that zone, I'm backing up the truck.

This is textbook consolidation after a major move - exactly what you want to see before the next leg higher.

Chart: FSLR
 

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Why Solar Works Here

While SPY grinds higher on light volume, individual names with real structure are setting up mechanical entries. FSLR is building the base for a breakout that could take it well above those $300 highs.

The daily squeeze is tightening. The pattern is clean. The levels are obvious.

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YOUR ACTION PLAN

Entry zone: $255 (ideal) to $264 (aggressive) Target: Above $300 all-time highs Strategy: December 19 calls when we hit the zone

This isn't hope - it's pattern recognition. Either we get the pullback to proper support levels, or we don't. Either the consolidation resolves higher, or it doesn't.

Watch My Full Technical Breakdown and Exact Option Strategy Here

Profit Stream video: First Solar
 

Sometimes the best trades happen while everyone else is watching something different.


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