As suspected the market ran from Sell trigger level to Buy trigger level at 2288 and reversed at the descending resistance line.
This is Chopshop behaviour and occurs when the balance of forces are too equal and the market is in the Mid-channel area
This may continue for a while but ultimately a volatile exit will occur because this sets up a squeeze.
Yesterday another arm of the large T structure expired adding credence to a peak, and the OSC oscillator gives up its recent strength.
And at the moment 2288 looks like a gap close and good bye to the island above.
Damage done.
It won't take much to push this vulnerable market over now.
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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 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.