And the silken sad uncertain rustling of each purple curtain
Thrilled me – filled me with fantastic terrors never felt before;
So that now, to still the beating of my heart, I stood repeating,
Tis some visitor entreating entrance at my chamber door –
Some late visitor entreating entrance at my chamber door; –
This it is, and nothing more.
– Edgar Allan Poe, The Raven
BUY Signal covered at 2370, and an S/T SELL Signal at 2363:
The market pops out at the open and challenges the downward descending trend.
Nope, this common raven is selling and taking the market way down.
Admittedly we have had some warnings, pressure upon the recent Buy Signal and the recent selling into strength, as well as the historically high Skew reading.
Failure of the small T of 9 March now shows us that there is another new T structure under construction.
Keep an eye on the T volume oscillator for any signs of recovery.
And so now we are on alert for a new climax low to occur and set up the next major T structure…
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.