Market Analysis for Dec. 28th, 2023

We had another stellar day yesterday with a full profit on our NDX 0DTE at almost 9% ROI and our Nat gas trade, that we planned on rolling, expired fully profitable. We will continue to look to place our trades later in the day, towards the power hour.
Technicals continue to give us buy signals.

We continue the march to new ATH's on the four major indices we trade with the DIA already there.

The heat map from yesterday was somewhat mixed though. The buying is still there. The pressure is still up buy you'll notice we had a very favorable NDX 0DTE setup yesterday from the call side. That hasn't happened in a while. Heat map looks mixed. 

There was still plenty of activity if you look at the Nasdaq and NYSE active lists 

All our technicals, no matter which one you choose, are overstretched to the upside, yet the march up continues.

You can see how far away and stretched we are from the PoC area (purple line) on the daily chart 

Intra day levels for me: On the upside, 4850 is my only number for today on /ES. We break that, we break our ATH and we move into new, bullish territory. On the downside: 4822/4875/403/4795.