Nunavut

Follow through from Thursday's Buy Signal as the market breaks away from the 'holding' above 2700 with a strong squeeze upwards.

Technically a significant improvement in-line with the projection from the new small T structure which projects next major highs for mid July and perhaps an re-test of the previous high, or more.

Today is a combined echo high and pulse high and so we should be prepared for some kind of disruption to the advance or pull-back in the days to come.

Momentum has turned positive and the Osc oscillator should make a Buy Signal today.

Chart of S&P 500 for 09 July 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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