Having played all week with the idea of selling, Mr Market decides to re-visit the all time highs with a squeeze play from the perfect 10 position on thursday.
Assuming that this isn't just a pop and drop (which it could be) then we have the possibility of strength into the next arm of the T structure on February 8, but we have significant resistance here to negociate.
This period is very reminiscent of the final few weeks of the the previous T structure associated with the Brexit low in late September – a very choppy and confusing market indeed.
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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