The market takes a look at rising support and declining resistance as it absorbs the recent surge with some profit-taking going on in the background.
Today is a scheduled echo high, with some weakness to be expected after the high, which of course could have been yesterdays look at 2753, unless we see strength today.
Still in the right hand side of the new T structure with an active projection into early December, unless we see a significant drop here.
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.