Civitate

A gap down and challenge to the recent rise is contained at 2762, and the Buy Signal remains active with a strong bounce off rising trend-lines.

The T volume oscillator turns negative in response to the weakness as the market continues to back away from the recent high revealing some declining resistance to be overcome.

Chart of S&P 500 for 18 June 2018

Be prepared for whatever is coming next, and trade with confidence:

To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the Trading the Line system before the market opens, and intraday alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.

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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