Dow 30 Dec 23 to Dec 27 Outlook

Recap
Long bias from last week was simple but proven not easy for many. Dow just popped back up to Y-0 and went sideway. Then it took off without filling the gap below. Made new year high as expected. Closed the week above Y+1 and midpoint.

Outlook
Will be difficult two weeks to trade if you want to force a play during this time. 2 reasons why it will be difficult.

First, post FOMC week almost always reverse everything happened after the announcement thus Y-0 is in play in coming 2 weeks.

But we are entering the low volume updrift time window to new year which is usually bullish (mildly).

I do not usually trade in the last 2 weeks of the year anyway. Given the conflicting setups, if we get a move, it will be very violent. Hands off is probably the best option.