Yellow Light

Today were taken out with a small loss on the SPY.  -.42 on this trade.  We closed above the Primary Pivot today and now we must wait until we get two days above the PP before taking a new trade.  This market is a traders market until after the new year.  I think with the Fed backing the market with bond buying all the large traders don't want to risk their 20% gain for the year.  This may lead to an unstable market until after the new year.  We will still follow our rules and try to find a direction.