Peter & Paulie

"Forget about it" is, like, if you agree with someone, you know, like "Raquel Welch is one great piece of ass. Forget about it!" But then, if you disagree, like "A Lincoln is better than a Cadillac? Forget about it!" You know? But then, it's also like if something's the greatest thing in the world, like, "Minghia! Those peppers! Forget about it!" But it's also like saying "Go to hell!" too. Like, you know, like "Hey Paulie, you got a one-inch pecker?" and Paulie says "Forget about it!" Sometimes it just means "Forget about it."

Donnie Brasco, 1997, Dir: Mike Newell

A snap-back short covering rally as the market breezes back up through the Buy Signal level.

Could be a small price T projecting into early July (if Tuesday's low is left behind us).

Still in the descending resistance zone and still within the recent range, and the current squeeze getting tighter.

Cluster of highs ahead suggesting further heavy choppiness.

T volume oscillator moves significantly higher indicating broad strength and breadth and support for the current T structure.

Chart of S&P 500 for 29 June 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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