“That's why we seize the moment try to freeze it and own it, squeeze it and hold it.”
– Eminem
A short term Buy Signal as the squeeze and triangle pattern resolves to the upside, and at least for now, there is an attempt to move out of the descending channel.
Of course stiffer resistance lies above in the 2360s and 2370s, so this may be a short term move.
The T volume oscillator recovers back just above zero and continues to show bullish divergence in breadth.
The small collapsing T with the oscillator low at the 21 March drop and price low on 27 March expires today and this could present a high in the market. Further strength into May could be attributed to an amalgamation of the recent lows in price and oscillator but that remains to be seen.
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.