Hello Everyone,
Wild day for the SPX with a massive 100+ point gap and then fade back to nearly fill gap before stabilizing into a range this afternoon. Closed up nearly 30 points. Tomorrow, we get to do it all over again with the FOMC. While today's highs were faded (profit taking) the bulls remain in control on the larger time frames. Short term - possible bear flag formed in the afternoon (choppy advance).
Administration Note: I will be traveling from (12/15-12/23).
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 4-6 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number (very few in volatile market). Lastly, it's best to wait at times for valid setups to form - sometimes less is more. Big moves tend to occur first and last hour and overnight sessions.
Please take a moment to look at the trade ideas.
