I stumble in and in you fit me with those angel wings
send me gold set me high set it up I'm in the sky
'til the storm is gone
and the temperature's high
and delight is dining
at my table
PJ Harvey, Victory, 1992
–
An indecisive day with a strong move up to 2732 repelled and a subsequent bounce off 2712.
Downward pressure from wednesday's projected high from the DB T structure and upward pressure from the new T structure pushing towards a high projected for today.
Some declining resistance from the recent high emerging to be negotiated IF the market is going to move higher.
Primary options expiration today should add at to the mix, as traders prepare for the next month's move.
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.
