A slight pullback from the highs helps to release some of the pressure, in-line with the thursday's pulse high and Friday's arm of the T structure.
Monday brings another pulse high, followed quickly by another arm of the T structure and several more highs that are projected by the June declines. This is suggestative of a continued choppy grind higher or sideways move ahead.
The oscillators continue to be strong and we should expect to see at least one or two 'tests' of the recent strength before this advance is completed.
Be prepared for whatever comes next:
To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the Trading the Line system before the market opens, and intraday alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.
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.
