Expectation

Stair step selling continues with a strong push down at the open, an attempt to recover to 2600 before selling resumes, taking price down to the 2538 pivot and to levels last seen in February.

Chaotic volatile bear market behaviour rapidly reversing direction, continuing to sell into advances as soon as they display any weakness.

Chart of S&P500 for 18 December 2018

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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