The Third of May

Holding steady on a quiet day, and waiting for direction.
Price pinned close to the highs, waiting for the next phase of the T structure, or the echo high to take effect.
OSc flattening off, and T volume oscillator neutral.

Chart of S&P 500 for 03 May 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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