SPX at Resistance

Good Morning,
A quick post as I am finished trading for the day and wanted to get something out to my audience. Today's action is quite important as it provided intra-day opportunities and an opportunity to put on the monthly protection.
First off, here is a DOUBLE FALL LINE TRADE in the GBP/USD as we have small ranges, but significant retracements:

Past performance is not indicative of future results
I am trading very, very infrequently as it is late December and holiday markets. So far this week, there have been two trades that I would have entered. One today that I got and a BUFFALO BOUNCE on Tuesday that I missed due to being on an airplane. The point is, 4 days of trading and 2 trading opportunities. Do not overtrade. Ranges were small yesterday and small today. Unless equities roar one way or the other or some economic/international news causes us to really get moving, be careful in tight markets - your locations have to be perfect!

Next up, we have the SPY which rallied 5 points in 3 days and is at a trendline that has been providing resistance for 5+ months now. I think it is enough of a rally to hopefully get some time decay and let the Dec-Jan protection start to work:

Past performance is not indicative of future results
We have a lot of data coming out in a short timeframe over the next few weeks. I am not sure if it will matter or not, but as always, keep an eye on it.

Here is a link to an upcoming webinar I will be doing next week.
Here is the link to last week's year end/look ahead webinar.
Happy Trading and Be Environmentally Cool
Coach Brian
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.