“But what a feeling can come over a man just from seeing the things he believes in and hopes for symbolized in the concrete form of a man. In something that gives a focus to all the other things he knows to be real. Something that makes unseen things manifest and allows him to come to his hopes and dreams through his outer eye and through the touch and feel of his natural hand.”
– Ralph Ellison, Juneteenth, 1999
Market still range-bound and although early trade was below the cover signal level, it bounced back again to hold onto the Buy Signal level into the close.
An echo and pulse high scheduled for Monday 19 June could present another high.
IF the 'possible new large T structure' is correct then we could expect to see the market continue to grind away defending the highs and preparing for new advances.
IF not, and the 'small price T at the recent spike low' was just an extension of the previous DB T structure, we should see a more significant correction.
At the moment price is hinting at the first option, whilst the oscillators are hinting at the second.
Be prepared for whatever comes next:
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