S&P 500 futures are higher to start the second to last trading day of 2017.
Price action remains narrow and quiet into the end of the year.
There is a nice set-up into 2018 for a sharp break.
Momentum remains positive across the board.
$SPY:
$DIA
$VIX
and volatility remains t historic lows.
What will it take for that next big correction to occur?
Remember the start of 2016? It was one of the worst starts to a year in history. In reality it ended up being just another tremendous buying opportunity for market participants.
2017 has been even better. Absent a dramatic sell-off the next two sessions, the $SPY will be up every single month of 2017.
$SPY with only a few sessions left in 2017 pic.twitter.com/I90gWfaj9p
— UPBOptionMil (@UPBOptionMil) December 27, 2017
Can 2018 repeat this amazing feat? Stay tuned for the 2018 OM outlook.
Have a great trading day and see you in the chat room.