A gap and go day on positive economic news triggers an S/T Buy Signal and ends a choppy week with the market poised to challenge recent highs.
The T volume oscillator remains relatively weak, but with a possible w pattern emerging, and the Osc oscillator is flat and potentially starting to recover from its recent sell signal.
The DB T structure projects a final high for today as does the initial projection from the recent small T with the possibility that the target is not significantly higher.
A mixture of signals that lead me to expect a continuation of last week's bipolar choppiness.
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.