Having had a little bit of a wobble, in late January – just after our expectation of a peak on 24 January associated with the end of a major arm of the current large T structure – we find ourselves back in the Jetstream and making new all time highs today.
As you can see from the chart below, we have a further out projection for a final peak in this T structure on 27 February or therabouts. Lets give it 2 days extra because there is a 2 day descrepancy in the position of the centrepost of the T structure – the oscillator low is 2 days prior to the price low – giving it a slight shadow.
As mentioned in the previous free report the oscillator drop from +80 is extremely linear and so my expectation is for a fairly linear move up into the final peak at the end of February, followed by some kind of pause or pullback.
But, as you can see there is already a significant cash-build up occurrring in the T volume oscillator during the Trump rally and the cluster of recent lows could soon become a centre-post for a new T structure IF or WHEN the downward sloping cash build up line is broken to the upside.
We watch the oscillator for clues, but we use price as the leading indicator.
Be prepared for what is coming next.
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