One of these mornings
Won't be very long
You will look for me
And I'll be gone
Moby, One of These Mornings, 2002, Songwriter: Richard Melville Hall
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A drop, a spike down looking for support and a strong recovery into the close. Just what one might expect on an echo high – something for everyone.
Another important test of the Buy Signal is resolved and the signal remains active, for now.
Futures, however, are indicating another test of the downside in premarket and so we should again be prepared to cover unless we see some recovery developing.
Expect choppy and volatile days ahead – plenty for everyone, trade carefully.
Be prepared for whatever is coming next, and trade with confidence:
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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.
