St Nicholas

The festive season starts with St Nicholas and the market appears to have found strong declining resistance to price above the recent outsized move. Presumably some adjustment and consolidation is required to absorb the price discovery, perhaps prior to Santa's annual visit with his reindeer.

Chart of S&P500 for 06 December 2017

Be prepared for whatever is coming next, and trade with confidence:

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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 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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