A Sell Signal generated in early trade but support found at 2345 – just above the rising angle from the most recent low – and a recovery into the afternoon cancelled out the Sell Signal, for now.
We are very much within the dangerous chopshop zone – where Sell Signals become Buy Signals and vice versa – and we should expect more chop in the days to come until the market makes a strong exit one way or another.
The T volume oscillator turns negative, flashing a warning signal, and weakening the current small T.
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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.