Turtles

Market recovers all of wednesday's losses and heads into what may well of course be resistance at 2400 at the end of the red Amalgamation DB T structure. A pause or pullback here would be consistent with that, and would also test the strength of the move that is the New small T with its first main arm projecting into Friday for the holiday weekend. However the continued rise of the T volume oscillator gives credence to the new small T and increases the possibility that this is a bigger structure, now potentially drawing power from the 1 March high.

Chart of S&P 500 for 24 May 2017

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