Price gaps down below the Cover signal level, recovers to 2853 and drifts back lower triggering a Sell Signal at 2838 before the market finds some strength to recover slightly into the close.
Sell Signal active but recommend cover at the close.
The market continues to be very difficult to position with strong buying off lows and selling into strength, suitable for very short term trading only.
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.
