A gap up open above the S/T Buy Signal level at the declining resistance angle finds little interest and the subsequent drift lower accelerates into the close triggering a Cover and a Sell Signal at 2716.
So, no follow through to the upside, yet, as the market seems trapped in a range, building strength for the next move, direction undecided.
Cover at the close pending either a continuation Sell Signal or another Buy signal.
Some improvement in both oscillators suggest a possible small T centered on the 27 June low projecting strength into mid July.
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.