![\"spx-12_28\"](\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/12\/spx-12_28-e1482943648491.png\")
<\/p>\nOnce again, quiet markets as we have 3 days left in 2016. This is a nice upper flag type pattern that usually leads to positive resolution. You can be long vs. 2256 or 2248 and, if you are quick, perhaps add above 2273 for a move to all-time highs at 2277. We'll see if there is enough juice this week, or does it need new January 2017 flows to ignite it.<\/p>\n
Either way, a nice tight pattern to trade verse.<\/p>\n
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<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n ACIA<\/strong>, last years high flyer, was cut in half. Two sell signals helped us get out of the way. Now, it's tight and could see a January effect type move. It will need a high volume move above $68.30 to help trigger a day 1. I am long small and looking to add if it triggers and holds. The first target is $72 which is the 50 day.<\/p>\n Once again, quiet markets as we have 3 days left in 2016. This is a nice upper flag type pattern that usually leads to positive resolution. You can be long vs. 2256 or 2248 and, if you are quick, perhaps add above 2273 for a move to all-time highs at 2277. We’ll see if there is enough juice this week, or does it need new January 2017 flows to ignite it. Either way, a nice tight pattern to trade verse. Banks have been the best sector with multiple set ups along the way. Some are alread in the FAS vs. $41. If you think we get DOW 20,000 this can probably be a grab when it clears $42.25 for a move to clear highs of $42.83. Use Goldman Sachs (GS) as an indicator. AMZN has been consolidating since missing last quarters earnings. This pattern is tight. With the best selling holiday product and a huge online retail season electronically, I think this wedge resolves upwards. I am long and looking to add with a high volume move above $774.70 for a quick move towards $780 then to fill the gap up to $820. ACIA, last years high flyer, was cut in half. Two sell signals helped us get out of the way. Now, it’s tight and could see a January effect type move. It will need a high volume move above $68.30 to help trigger a day 1. I am long small and looking to add if it triggers and holds. The first target is $72 which is the 50 day.<\/p>\n","protected":false},"author":4,"featured_media":5099,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[457,367,14,105,7,8,57],"class_list":["post-7343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-fas","tag-gs","tag-scottredler","tag-spx","tag-stock-market","tag-stocks","tag-trading"],"yoast_head":"\n
\nBanks have been the best sector with multiple set ups along the way. Some are alread in the FAS vs. $41. If you think we get DOW 20,000 this can probably be a grab when it clears $42.25 for a move to clear highs of $42.83. Use Goldman Sachs<\/strong> (GS) as an indicator.<\/p>\n![\"fas-12_28\"](\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/12\/fas-12_28-e1482943677794.png\")
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\nAMZN <\/strong>has been consolidating since missing last quarters earnings. This pattern is tight. With the best selling holiday product and a huge online retail season electronically, I think this wedge resolves upwards. I am long and looking to add with a high volume move above $774.70 for a quick move towards $780 then to fill the gap up to $820.<\/p>\n![\"amzn-12_28\"](\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/12\/amzn-12_28-e1482943697603.png\")
<\/p>\n![\"acia-12_28\"](\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/12\/acia-12_28-e1482943717510.png\")
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