Algeciras

Market still holding up and finding strong support at the Buy Signal level (for now).

Yesterday was potentially a high – price and/or momentum – as projected by the larger T structure.

With many indications that a momentum or price peak is close to hand it may be time to take a well deserved vacation.

Chart of S&P 500 for 3 August 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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