Push the button

Buy the anticipation and sell the fact.

As expected, a pause in the buying power at the major arm of the T structure (from 23 September) and when the dust settles we should resume with a seasonal santa claus rally into Christmas Eve and the New Year.

Still above the Buy cover Signal line (only just), but it seems likely that a slight retracement of the 'over-exuberant' move of last week may now be under way.

T volume oscillator turns negative – a warning signal.

Chart of S&P 500 for 15 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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