Twelve Days

Market having problems digesting the recent overtly bullish move, and still finding a lack of conviction at these levels.

And the Major Target was acheived.

Expect further drift into New Year as the majority of traders now take their eyes off the table and enjoy the fruits of their labor.

I would like to wish all of my readers a very happy and relaxing Holiday and a Prosperous New Year !

Chart of S&P 500 for 22 December 2016

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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.

 

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