Time for a break

Enjoy the turkey.

Market continues to push upwards in-line with expectations, and approaching a short-term Echo high and the arm of T structure from the October 24 break-down.

And so we may need a break after Thanksgiving to relieve the pressure, and then can expect a grind into the next Echo high in early December.

Chart of S&P500 for 25 November 2016

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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational & entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

 

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