Fear causes hesitation, and hesitation will cause your worst fears to come true.
Point Break, 1991 Dir: Kathryn Bigelow
Bulls bought the early expiration weakness and took the market back up for the logical pin at the recent highs.
Still very much on a Buy Signal and any dips are to be seen as buying opportunities.
The next target is the final arm of the Large T structure which should coincide with the Echo high at the end of the month as well as the first major arm of the alternative later cluster T structure.
Perhaps we can reach out to 2370 before any major pullback in the index. Obviously this is getting somewhat extended and so we will keep an eye on the T volume oscillator for hints of weakness and the beginning of a consolidation period.
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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.