Poznan

The market drops below the mid-channel support area and makes a Short signal at 2428.

Surprisingly, the T volume oscillator is still above zero.

Unless we get a rapid recovery (which is always a possibility), it looks like we will see some testing of the various strong support lines, and we will look for a new low to form a new T structure, which may still complement the possible gray extensions of the current T structure, unless the 17 May low is exceeded.

Chart of S&P 500 for 28 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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