As we close out Friday, November 21st, the market is easing into Thanksgiving week—a time when volume slows, but opportunities often get sharper. This week’s price action already revealed some important clues about what may be coming next.
As always, remember: trading carries risk. Never trade with capital you can’t afford to lose.
Support Retest: A Textbook Price Action Move
On the E-Mini S&P daily chart, the market pushed down and retested a major support area—exactly where a previous large candle set a significant low.
What happened next?
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Price hit the level
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Buyers stepped in
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We saw a clean reversal today
This reaction doesn’t rule out a minor dip, but it’s a strong sign that the market is respecting structure—something we pay close attention to this time of year.
Watching for a Potential Santa Claus Rally
As we head toward December, traders start looking for the seasonal Santa Claus Rally—and this year’s chart may be hinting at the early stages of that move.
One key level stands out:
👉 6737–6740
A daily close above this zone would likely signal:
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Sellers fully shaken out
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Momentum shifting upward
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A push toward 7,000 coming back into play
It may not happen next week, but the setup is clearly forming.
ATR Signals Big Movement Ahead
The Average True Range (ATR) is sitting near 140 points, which tells us the market is still producing wide daily swings.
High ATR usually means:
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Strong trends
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Smoother moves
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Fewer whipsaws
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More opportunity for day traders
Expect Monday and Tuesday to continue offering 100+ point ranges, which can create excellent trading conditions—especially for price action and trend-following methods.
Why Big-Range Days Benefit Sonic System Traders
When ATR expands, tools like the Sonic System become especially effective. Instead of constant long/short chop, wide ranges often produce:
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One clear trend direction
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Multiple clean entries
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Strong follow-through
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Moves that stretch well above $2,000
You don’t need the full run—capturing $400–$500 from a few solid setups is more than enough to build a strong trading day.
Your Thanksgiving Week Trading Plan
Here’s your simplified strategy for the upcoming holiday week:
✔ Focus on the 6737–6740 level
A close above it could trigger the start of a year-end rally.
✔ Expect large ranges
ATR remains elevated, which means plenty of movement.
✔ Be selective
On strong trend days, the second or third setup is often the cleanest.
✔ Let price action guide you
It reacts immediately—indicators lag behind the real story.
Learn These Strategies the Right Way
Visit DayTradeToWin.com and create your free member account to access:
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Software trials
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The News Indicator
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ABC software
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Step-by-step price action education
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Proprietary tools like the Sonic System
Join the community and prepare for the next training session.
Enjoy the weekend—and good trading! 📈🔥