The market pushes higher into the 2780s as the current Buy signal continues, meeting profit-taking at 2787, at the upper extreme of the channel, a relative level last visited in mid January 2018. This is an indication of just how strong the market currently is, but also a warning that the market may well be getting somewhat ahead of itself. Watch carefully for indications of exhaustion.
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.
