Migration

“As a general rule of biology, migratory species are less 'aggressive' than sedentary ones.
There is one obvious reason why this should be so. The migration itself, like the pilgrimage, is the hard journey: a 'leveller' on which the 'fit' survive and stragglers fall by the wayside.
The journey thus pre-empts the need for hierarchies and shows of dominance. The 'dictators' of the animal kingdom are those who live in an ambience of plenty. The anarchists, as always, are the 'gentlemen of the road'.”

Bruce Chatwin, The Songlines, 1986

Still holding up above the Buy line and pinned to the 2255 support/resistance line, and the market prepping for the next move, which If we assume that reindeer and santa claus are on their way from the North Pole, then should be higher into Xmas but perhaps choppy as we have 2 pulse highs to negociate and an echo high at the end of the week on the 23rd.

Chart of S&P 500 for 19 December 2016

To receive further analysis, more clarity and the updated daily Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations

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.

 

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *