Pesach

The market winds down into the Pesach / Passover / Easter / Eostre / Ostara weekend with a series of looks higher, at 2910 to 2916.

A small megaphone suggesting that the market is not yet ready to move above this level, and the T volume oscillator turns negative flashing a warning.

Price has remained firmly above the S/T Buy Signal level since the gap up on 29 March, but that now looks under threat.

The market is currently at a long projection from the main T structure for a high from the important 29 August high with additional highs projected by the smaller structures for early next week.

Spring in the air.

Chart of S&P 500 for 18 April 2019

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.

 

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