Dec. 15 at 2:15 AM
$AAPL $QQQ $SPY OptionsPlayers Market Structure Update
Last week, we flagged Friday’s high as a clean, textbook test of the 78% Fibonacci retracement, measured from the October 30th high to the November 21st low. We also noted that a larger rejection from this zone—specifically one that breaks the near-term bullish structure—would open the door to 25,000 and the 24,800 multi-month volume point of control.
That scenario played out.
After four additional days of tight range trading, the index resolved lower on Friday, breaking near-term structure and putting in a weekly low at 25,118.
Looking Ahead
For the coming week, the key question is whether sellers can follow through on Friday’s breakdown. On a higher-timeframe basis, Nasdaq remains stuck in a multi-month range, still trading near the same levels we’ve seen since October.
If downside momentum continues, 25,000 and 24,800 remain primary downside targets, with a deeper move opening the door toward 24,400.
Seasonal Reality Check
This week is likely the last meaningful week of trading activity before liquidity dries up. The weeks around Christmas and New Year’s are historically very slow, and low-volume environments are where inexperienced traders get eaten alive.
Unless you’re strictly following OP systems like Secret Sauce, GG, AC&I, or structured swing trade chat setups, stepping aside during holiday weeks is often the smartest trade you can make.
Discipline > activity.
Structure > emotion.
That’s how OP capitalizes while others give it back.
