After a harsh continuation sell off on Wall Street early in the day, the markets have slowly headed back higher into the 50ma. The dollar has done the opposite of the market by spiking higher early, then heading back down. There is a nice bullish in spirit of flag pattern currently in formation on the SPY intra day chart. It has been a wild and crazy week in the markets. Perfect for options expiration quad witching. Many thing the holidays were going to be slow but it has been the exact opposite. This last week was the best swing trading and day trading market in months. It will continue. Be ready and understand what is happening to maximize profits in the new year.
