Santa Clause Rally or NOT???

Here is the set up for the Santa Clause rally on the market. We are bumping our head at the 126.00 level this morning. I do not think we will break it today. If we do then the Santa Clause rally is in play. I really think it will make the move either down off of this resistance or up from this support. So I just gave an analysis where I am right both ways. Here is the deal though….this is resistance. This dictates what we will do next. I see the job of the trader as finding these pivot points and trading with the momentum. Now I feel it is going to go down Tuesday which is the highest probability. History though brings to light the famous Santa Clause Rally. Let’s see if history holds.