Monday, 29 December 2014

My final post for the year - S&P 500 daily and weekly charts - thanks for reading

S&P 500 daily chart shows the market testing trend line resistance, accompanied by bearish momentum divergences on MACDH and RSI.

Weekly chart confirms that the market's bull run is stretched.

This will be my final post for the year. Next post will be probably mid January. I had hoped to post updated charts for other markets before hitting the road with my family tomorrow, but got squeezed for time. I may be active on Twitter during my travels, we'll see how I go.

Whoever you are and wherever you may be, thanks for reading, and I wish you all the best for the New Year.

ps. Just occurred to me, it's a bit ironic to end the year with a post on the market that I have been wrong on more than any other! Forever picking tops with my posts, if not my trades. The funny thing is that I made more money trading the S&P than any other market this year. Made the most of the periods when I was right. Which is what trading is all about. You can't control or predict the markets, but you can plan and control your reactions to their movements.

Silver testing resistance at key down trend line

Daily chart shows Silver testing resistance at a key down trend line.

Weekly chart shows Silver trending downwards in a clear trend channel from the 2011 high.