Apples and oranges

Now that's the spirit !

Friday's push higher accurately projected by the T structure, with a solid gap up and go and close at the highs type day as the market continues to leave bystanders behind. This train waits for no one.

Momentum ticks up, as does the T volume oscillator.

This is also in-line with the scheduled echo high and so it remains to be seen whether this is an important peak or whether the additional projections will continue to lift the market higher next week. Hedge and lock in profits accordingly.

In the meantime, higher highs continue to beget higher highs. For those who still do not understand why the market is moving higher and will probably continue much higher in the coming months, please read my recent free reports.

Enjoy the weekend.

Chart of S&P 500 for 23 October 2017

Be prepared for whatever comes next:

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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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