Initial strength is quickly sold into with a volatile decline trying to hold onto the Buy Signal at 4338 before declining further and triggering a Sell Signal at 4320.
Some strong buying interest at the lows at 4296, 4290 and prior to the close at 4283.
Sell Signal at 4320.
Very dangerous conditions – hedge accordingly.
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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.
