
$SPDR® S&P 500® ETF Friday we had a close of 459.87; benefit of doubt went to sellers. I mentioned 466 was the level buyers needed to regain in order to continue momentum; 466 is the gap resistance and buyers were not able to fill the gap. However 460 was the area to defend.. 460 was breached and not able to hold; and we had an initial gap-down going into Monday; breaking support 455 and making a low of 451.15. Once 455 the stop-losses were hit from swings and gave us the initial volume sell going into 451-450. Overall today Monday I mentioned that in order for buyers to have a reverse trend we would need to close 455-456; we had a close of 454.98. Close was neutral to bullish as we were not able to break further down below 451 since 449.51 was the low of the last initial balance low. Going into Tomorrow; 12/21/2021 Buyers need a clean gap up above 457.43; targeting 461.53; an ultimately 462.55 If buyers can defend 455; and turn it into a support then we're likely to gap up to 460+ zone area. Failure to trade above 457.43; we're very likely to chop and liquidate and the test the low of the range again; if we break range we will very likely make a new low. Sellers need a clean break below 453.27; targeting 452; and ultimately 450 and 448.19. Can't get long if we trade below 455.38 Can't get short if we trade above 457.43 Weeky vwap: 453.37 Personal Pivot: 455 Key levels: 457.43, 460.50, 462.55, 455.38, 450, 448.19, 453.27

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