The market contains further selling on Friday and holds up just above the Buy Signal line, for now.
The oscillators continue to show that we are waiting – perhaps for some further weakness to be resolved, or for a catalyst.
Watch the declining lines for resistance to higher prices should we get some follow through to the upside, as it now seems likely that the market is entering a consolidation phase, necessary for building some more power.
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.