The early move up into the declining resistance proves to be unsustainable and 2017 closes with some selling – most likely just profit-taking on the year to balance the books.
But still, its enough to issue a cover signal, flash a warning and wait for the next signal, perhaps just a message to take a break, reflect upon the old year and look forward to the new year.
Enjoy the fireworks wherever you are, and a Happy New Year!
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.
