Quick Notes: Pretty quiet session until the final hour when sellers appeared and took ES back to test 4775 support zone once again. Intraday the SPX managed to eke out a marginal new high (divergent) while the QQQ lagged. For now, both are holding short term support - risk is after such a big move an air pocket below IF support is lost. Very thin markets can acerbate moves.
Lastly, I want to thank each and everyone for their patronage to BPT over the past year. In addition, I would like to thank all who take time to share ideas, charts, private input etc. We strive to assist everyone in some manner.
Happy New Year!
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Please take a moment to look at the trade ideas.