Negatively charged

Support holding in the 2130s (for now) but everything looking rather negatively charged.
We are still within a triangular pattern, and if we can hold support here we could see a continuation of the recent choppy day-traders type action into the end date of the red T structure.

A break below the tightening bollingers (squeeze) and we may well be looking at 2070-80 in short order…

OSC oscillator makes a Sell signal.

Chart of S&P500 for 13 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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