A gap up above the Buy Signal level and head for the recent highs triggers another Buy signal at the open. The market continues to follow the recent script and having taken a look-see at 2937 finds profit-taking again, intensifying in afternoon action.
The market closed just above the Buy Signal line but it seems that we still have significant downward pressure from the recent price high.
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.