Forest

You can't stay in your corner of the Forest waiting for others to come to you. You have to go to them sometimes.

A.A. Milne, Winnie-the-Pooh, 1926

The current Buy Signal continues with a dramatic pop to the upside and a visit to 2992 – the 01 October high – before some heavy profit-taking in the closing minutes leaves the market in a somewhat uncertain state with a potential reversal at a key level.

Volatility in both directions.

Chart of S&P 500 for 14 October 2019

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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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