The end of April and the beginning of the summer months.
The open gap up is not held and the market looks back at 2659 for support. Consolidation at the highs and finding some resistance here.
Market in equivalence holding above support lines but just below an important major pivot level.
Still in a holding pattern and a move up from here would release a significant amount of energy. A move downwards from here would again re-focus the market on the recent lows and the possibility of a deeper low.
What happens next will be important.
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.
