Market in gentle decline, in-line with the 2 June echo high and penultimate arm of the current T structure (Secondary DB).
We still have projections for a high on 8 or 9 June and so another attempt at the recent high is possible, but with the endgame of the current T structures close to hand the risks of a decline are increasing.
Watch the declining angle for hints of an advance, and/or support or failure of the Buy Signal.
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.
