Coup De Grace

Managing Partner at Tim Knight Organization • Dec 29, 2017 at 9:36 AM EST

After trampling over and, ultimately, destroying the bears the entire year, the bulls at least had the common decency to bury the body.

After trampling over and, ultimately, destroying the bears the entire year, the bulls at least had the common decency to bury the body… only to follow up moments later by *rinating all over the fresh gravesite:

(Click on image to enlarge)

Yes, the ES has leaped over its triangle pattern in yet another breakout. As I’m typing this, it’s up over 8 points, and we can expect plenty of end-of-year weirdness in trading today (particularly during the final minutes).

The NQ hasn’t executed the same breakout (yet), but it wouldn’t take much to do so:

(Click on image to enlarge)

Let’s just said summarizing 2017 can be done with a single photo:

Disclaimer:

This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

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