All the world’s a stage,
And all the men and women merely players;
They have their exits and their entrances,
And one man in his time plays many parts,
His acts being seven ages…
– William Shakespeare, As You Like It
Enter a New Year full of excitement, complexity and high speed trading.
Market pushed down into the rising Gann line from the November 4 low and held.
This is the first test for 2017.
A bounce here would potentially project new all time highs at the next cluster of highs scheduled for 21-26 January.
If the market continues lower then we may meet the 55 ema at about 2210 – previous resistance now possible support.
Either way we are now looking for a low and a small T to take us into the next series of peaks.
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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.