Final Trade...29th December 2022

🖼 Daily Technical Picture 📈

➤ The last trading days of the year are upon us and the state of the equity market are very different to preceding years. It's time to waive goodbye and say good-riddance. Let's cheer for a sea change in the New Year.

➤ I made one last Trade to see out the year. Although the S&P500 broke below the support level it has not broken below the recent low of the last week. There's a good probability of a bounce here.

➤ The European indices are sitting just above their respective 50-day moving averages. They too may bounce.

➤ I currently hold a +68% long exposure. My US positions were cut today. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.

➤ Conclusion: Back in the action.