We know it is the end of 2017, but what else? The streak of less than 2% (or more) dips, consecutive monthly gains, lower volatility and instant reward for the BTD'ers will end - but when? Expectation has been late Dec17 or early Jan18 for some time and now we're there. Any significant part of a decline is expected in January.
No need to call THE exact top. Use all available tools/guidelines to help with estimation. The brave can take a plunge, and the cautious can await a retest or new high followed by a dip/bounce.
I'd welcome a year-end SPX rise to 2700+ along with confirmation using RSI, MACD divergences. Keep an eye on other indices (Nasdaq 7030 and marginal high (or fail) by Russell 2000).
Enjoy the holidays and get ready for excitement in the new year.
No need to call THE exact top. Use all available tools/guidelines to help with estimation. The brave can take a plunge, and the cautious can await a retest or new high followed by a dip/bounce.
I'd welcome a year-end SPX rise to 2700+ along with confirmation using RSI, MACD divergences. Keep an eye on other indices (Nasdaq 7030 and marginal high (or fail) by Russell 2000).
Enjoy the holidays and get ready for excitement in the new year.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.