All Hallows’ Eve

Market turns down into the end of last week, in-line with the T structure associated with the September 14 low which has a bearish formation of lower highs.

I'm assuming that the expiration of the larger red T structure associated with the Brexit low is pushing this one down and will do so until a clear 'low' is in place for a new T structure.

And now at a triple low, Does the market want to play Trick or Treat ?

Chart of S&P500 for 31 October 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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