Morning Ideas January 3, 2022

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Good morning Traders!

Welcome to a new year and a new trading week.

We did not get the rally (window dressing) into the close that I expected to see at the end of the year, but we bounced right back up near the highs last night, nonetheless.

We are left with a gap below, and a weak high (market looks like it's unfinished to the high side). I would expect us to chop around in here and continue to try and push towards the highs.

I'm going to give a neutral reading today because we are in this balance at the highs, however, i still expect it to have an upward skew.

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