August 11 is Son’s and Daughter’s Day – the perfect opportunity to set aside some time to reflect on the joy that our children bring to our lives.
Mr market is trapped between the rising Gann angle from the June 7 low to the August 2 low and the resistance line above the 2 recent tops, and a squeeze is occurring. Support held yesterday, but only just.
And I am expecting a short-term high here as projected by the red T structure, and the smaller blue T structure.
We also have 2 separate cycle peak projections coming into play today and into tuesday 16th.
And the Magic T volume oscillator turns back down…
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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.
