Object Shelter

An early flush to 2612 is bought back up and the market continues to stabilise throughout the day.

Sell Signal still active below the current price, but with the 2 spikes down the market appears to be holding up above 2635, for now.

Although weakened by Wednesday's heavy selling there is the possibility of some residual projections for highs towards the end of the month, perhaps a dead cat bounce prior to a more significant move down.

Chart of S&P 500 for 26 April 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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