Countdown into 2017

Last trading day of the year and getting ready for a party to bring in the New Year.

Market playing with the mid-point and getting ready for the next move – perhaps an early January attack at 2300 to salute Donald Trump's inauguration – that would fit in with the T structure.

Or if we fail the rising support at 2235-40 – perhaps a nervous look-see at the 55 ema in the 2210s and/or lower boundary in the upper 2170s before rising into the next scheduled highs around 21 January – and that would also fit in with the T structure.

A 'Very' New Year Everyone …

Chart of S&P 500 for 30 December 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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