Market stabilises just above the Buy Signal line.
Today is also a pulse high, with another one next week, and another arm of the large(r) T structure projecting another peak from the sequence of April and May highs also next week. I am therefore expecting choppy attempts at the declining resistance as the market adjusts to the higher prices of the new range and decides whether there is any requirement for further selling at this time.
The T volume oscillator turns neutral. This area is a good place for a bounce and should that occur we might expect a recover attempt back at the highs. Failure to bounce here would set up a potential move down to the breakout area.
Be prepared for whatever is coming next, and trade with confidence:
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