An attempt to move higher is rejected at 2475 as the market finds declining resistance from the recent highs and meets the important rising line from the Election low – a kiss good-bye perhaps?
Still above the Buy Signal line but today is an Echo high which could add some fuel to any further selling.
Some improvements in the oscillators but not yet out of the woods.
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.