And so the market powers back up through the previous layer of support / resistance to make an S/T BUY Signal and the Bull defends the important rising trend line off the previous highs.
Of course such a strong move up into an area of potential resistance may need some working off, and there is a scheduled pulse high for today, but yesterday's strength in breadth in the T volume oscillator has cut through the cash-build line from the 2400 peak and this confirms the prescence of a small T structure, projecting highs in April.
Be prepared for whatever comes next:
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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.