Colette

Initial weakness is bought strongly and the market moves rapidly higher through the Buy Signal line at 2713.

The strong move up is supported by the T volume oscillator which moves up to the zero level.

A positive development but further strength is still required to fully re-activate the cash-build up from December and release the market to the upside.

Chart of S&P 500 for 06 March 2018

Chart of S&P500 with Magic T volume oscillator for 06 March 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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