As we close out Friday, November 21st, the markets are easing into that familiar holiday rhythm. Next week brings Thanksgiving, and as always, lighter volume and choppier sessions tend to sneak into the picture. But don’t let the calm fool you—this market environment is packed with opportunities if you know where to look.
Before diving in, remember: trading is risky. Never use funds you can’t afford to lose.
Price Action Says It All: Key Levels to Watch
Looking at the daily chart of the E-Mini S&P 500, the market has been pulling back and retesting a key support zone—the exact same level where a previous major low was formed.
This is classic market behavior.
Markets love to revisit old highs and lows, testing support and resistance before choosing the next direction.
We saw:
- A test of the prior significant low
- A clean bounce
- A sharp reversal today
While the market could dip slightly lower, the current structure suggests a setup brewing for the end of the year.
Are We Setting Up for the Santa Claus Rally?
Historically, the final stretch of the year often brings a bullish push known as the Santa Claus Rally.
And based on current price action?
A move back toward the 7,000 level seems very possible.
The key trigger to confirm this move:
👉 A daily close above 6737–6740
Once price closes above that zone:
- Sellers are likely washed out
- Momentum begins shifting upward
- The market has a clear path to retest recent highs
Whether it happens next week or early December, the setup is forming.
ATR Is Your Friend: Big Ranges, Big Opportunities
One of the biggest clues this week?
The Average True Range (ATR) is sitting around 140 points—much larger than usual.
Large ATR = Large moves
Large moves = Trending days
Trending days = Prime setups for day traders
What this means for you:
- Expect Monday and Tuesday to offer 100+ point ranges
- Less chop, more directional movement
- Cleaner entries, less noise
- Better follow-through for trend trades
On days like this, indicators don’t flip-flop.
Price moves with purpose—and that’s exactly what day traders want.
Sonic System Example: Why Big Ranges Matter
When ranges expand, systems like the Sonic System shine.
On a large-range day:
- A single strong push can offer $2,000+ of potential movement
- You don’t need the whole move
- Even capturing $400–$500 per trade can produce a $1,000 day, easily
Small-range days?
More chop, more reversals, less clean structure.
Large-range days?
Clear trends. Multiple opportunities. Less confusion.
This week?
We’re in large-range mode.
Holiday Week Game Plan
Here’s your trading mindset heading into Thanksgiving week:
✔ Watch the 6737–6740 zone
A close above it could trigger the seasonal Santa Claus bullish bias.
✔ Expect big moves early in the week
ATR suggests continued volatility—and opportunity.
✔ Patience pays
Don’t jump at the first signal.
Second and third trades often deliver cleaner setups on trending days.
✔ Use price action first
Indicators are lagging. ATR + structure gives you the real-time edge.
Ready to Level Up Your Trading?
If you haven’t already, visit DayTradeToWin.com and grab your free member account.
You’ll get:
- Access to free trials
- The News Indicator
- ABC software
- Training resources
- And insight into our proprietary strategies like the Sonic System
Join our community and start learning price action the right way.
Until next week—good trading! 📈🔥
About DayTradeToWin
DayTradeToWin® is a professional trading education company with over a decade of experience developing rule-based, non-predictive trading software for the futures markets.
Our methodology is built around structure — not opinions, news, or guesswork. Every strategy is designed to focus on:
- ✔ Market confirmation
- ✔ Risk management
- ✔ Trade timing precision
- ✔ Trader discipline
- ✔ Structured decision-making
We specialize in providing traders with objective tools that remove emotional bias and emphasize consistency over prediction.
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