SPX

The market was behaving itself until the Fed Chairman signaled that the Fed is on track to raise rates during its next two-day meeting scheduled for Tuesday and Wednesday December 15th and 16th. Though this news affected the chart setups I was monitoring, I'm happy they are finally going to do it this time. It is really an annoyance for trading.
The market will not be happy if the Fed doesn't raise rates in two weeks. So unhappy to the extent that it can actually trigger the start of a bear market. I believe today's Fed speech was in order to get the market ready for the rate hike even though (almost) everyone knows it will happen this month.

The market has been greatly impacted by many external factors this year (such as Greece, China, Rate talk, ISIS etc). So removing the rate chatter will be helpful in eliminating some of the noise for next year's trading. It looks like the Middle East will be distraction the next year. But as long as the focus remains on ISIS and not World War III, next year will likely be a great year for trading.

SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-60MIN


SPX-30MIN


SPY-15MIN