Bound Brook

Another gap up and push to 2674 and the market closes back above the Mid-channel for the first time since 16 March – a very positive development.

Very much on a Buy signal but still characterised by spikes into 'resistance'.

Next negotiation is the declining line from the recent high and the major pivot of the 55 ema.

Chart of S&P 500 for 13 April 2018

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.

 

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