The market pops to the upside and heads for the important 2830 pivot and then rapidly reverses back down to 2812 to find support at the top of the channel.
This move was not (yet) supported by strength in the T volume oscillator or the Osc oscillator which are still displaying neutral properties, suggesting further sideways consolidation may be necessary if the market is to proceed higher.
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.