A strong move up closing Tuesday's gap and triggering a new S/T Buy Signal at 2720.
Very strong breadth indicated by the rise in the T volume oscillator suggests a small T structure centered at the 29 May low and projecting into early and mid June, in-line with the gray extensions to the previous T structure.
The strong bounce off the major pivot at 2684 and 55 ema is very encouraging, but we should be alert for further volatility upcoming with an important high and low projected by the DB structure(s) within the next few days.
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.
