North Pole & Beyond

A very quiet Friday as we move into the holiday season in full force now.

Many traders are now away until the new year but that doesn’t mean we can’t see some strong moves.

Although volume may be a bit on the low-side, we can see some very nice volatility over the holidays so I’m watching, this week at least.

I will be away much of the final week of the year, running down to New York for a few concerts, then back home before New Years, if the weather holds!

december-19-2016

SPY has built a beauty little triangle which points to a continuation of the strength we’ve been privy to as of late.

All good here from what I see.

We could even dip to 222.50 and be fine but if the Fed news didn’t do it then I can’t see it happening.

The Santa rally isn’t over yet kids!

Have a wonderful weekend.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Daily Trade Ideas to see the rest of this letter.

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