There she goes

The wintergreen, the juniper
The cornflower and the chicory
All the words you said to me
Still vibrating in the air
The elm, the ash and the linden tree
The dark and deep, enchanted sea
The trembling moon and the stars unfurled
There she goes, my beautiful world

Nick Cave and the Bad Seeds, There She Goes my Beautiful World…, 2004


Quite a day, with a harsh mini-flash crash sell off in the Futures market prior to the open in reaction to the numbers issued. Quickly forgotten in early trade as the market held the Buy Signal level and then moved higher, rapidly. Buy Signal very much active, indeed.

The market regains its important short term averages, and the T volume oscillator moves up strongly through the recent cash-build up line and this now confirms the new Large T structure with projections for highs in late February and March.

The 4 day thrust higher from a panic low, a signature for the initiation of a long lasting move higher, adds to the bullish picture.

Chart of S&P 500 for 15 February 2018

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.

 

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