Atmosphere

Formerly there was nothing here,
neither the sky, nor the atmosphere, nor the earth.
There was only an appearance of light,
having no beginning and no end.
Neither small nor large, formless yet having a form.
Indistinguishable yet imbued with knowledge,
consisting of bliss.

– Avyakta Upanishad 1.1, Translator: PE Dumont

Market stabilises and marks out a possible low, pushing up off 2337 and holding onto those 2 support projection lines at 2344.

I have tentatively drawn in what may be a small T structure which does seem to coincide with the pulse highs projected for late March and mid April. Early days yet.

Further stabilisation may of course be required after such a sudden drop.
Still one eye on 2295, given any further reason to sell…

Buyers above and Sellers below.

Chart of S&P 500 for 23 March 2017

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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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