Big news last week: the FOMC left rates unchanged; China Phase 1 trade deal inked; Congress kept the government open; clarity in BREXIT happening by Jan 31; and Trump impeachment looms.
Thursday's low is an important line in the sand that not to be violated this week to maintain our bullish bias. It was the big news day that drove the markets higher and, ideally, prices would not retrace even near the low of that bar for any market.
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