Christmas Eve

Outlook 12/24: Stock futures are relatively unchanged on Wednesday after the broad market SP500 printed a new record high. Investors continue to hope for the coveted Santa Claus rally, a year-end market surge that occurs from the opening bell on Dec. 24 until Jan. 5. According stats the SP500 has averaged a 1.3% return during the Santa rally period, with 77% of positive results. The New York Stock Exchange and Nasdaq will close early on Wednesday at 1 p.m. ET on Christmas Eve and will be closed Thursday for Christmas Day.

ESH26 (Mar2026): YVAH 6964 YPOC 6960 YVAL 6934 GAP 6958

/ES Plan: Yesterday market closed bullish (PBT 7006), but overnight session looks balanced, moving within previous value, so these're the opening and initial balance options for current session:

A) If market moves above HVE 6955 with bullish internals/delta, buy towards YVAH-YHOD 6964 and PBT 7006 magnet.

B) If market moves below HVE 6955 with bearish internals/delta, sell towards HVE-YVAL 6934 and GAP 6890 magnet.

Note: Keep in mind that MMs opened a massive 90k 0DTE position at 6925 x 6885. If these walls are broken we could see gamma squeezes.

Market Movers

11:30 ET US sells $44 bln 7-Year Notes

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