Yule

In the Northern Hemisphere we have the mid-winter Solstice – a time for celebration, relaxation and meditation on our place in the universe.

The market grinds away near the highs, displaying some resistance to the higher price levels and potentially defining some declining resistance from the high.

Today brings with it another scheduled echo high, and after an echo high we do have a tendency to see some weakness.

Chart of S&P 500 for 21 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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