I hope you all had a great, safe New Year's holiday.
In summary, as we leave 2017 in the rear view mirror, my posture hasn't changed much throughout December, 2017.
The SPX had a tough time rising beyond my short-term target of 2690, but it didn't spend much time at the 2655 support, either. With the last trading day down a half percent I might expect the support to be tested. The first week in January can have some volatility, so we'll watch and observe and then take advantage of the situation. I still have an Intermediate Range between 2620 and 2690 with a mid point of support at 2655.
Stay tuned for opportunities knocking at the door.
Craig
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