Acting hard, again

Here we go again
Playing the fool again
Here we go again
Acting hard again, all right!
Well I'm beginning to see the light
– The Velvet Underground, Beginning to See the Light, 1969

A gap up into the declining resistance but finds some support.
Just marking out the range for now.

Price continues to flash a warning, momentum is slowing and today is a scheduled echo high.

Chart of S&P 500 for 27 September 2017

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

 

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