Quantative squeezing ?

A curious day, and a short term buy signal with a close above 1884. The current oscillator weakness overides this signal but keep a close eye on its development.

I have also revised the short-term price momentum T structure to allow for the peak from 4th March and so that indicates a high today, and it looks like there may be a second high ~6th June from the 14th February momentum peak.

Chart of S&P500 for 22 May 2014

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