Follow through ?

Looks like we found support on the rising Gann line / mid-channel and close to a continuation Buy signal.
One caveat is that the Osc oscillator is close to a sell warning signal, suggesting that gains may be limited from here.

Chart of S&P500 for 4 August 2016

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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational & entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

 

 

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