S/T BUY Signal at 2087

With the move above 2084 in early trade yesterday, a cover of the short position would be pragmatic.

S/T BUY Signal at the close at 2087

The caveat is that with the current congestion and the lack of a T structure, this may be the end-game of the January T structure in which case we may only get a few days of upside.

The market is coiling and the result will likely be a large move +/- 100 points.

Chart of S&P500 for 31 March 2015

 

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