Market continues to retrace its steps and filled the open gap at 2369-2375 with a bounce off the long term projection from the February 2015 high (a major turn).
Price remains above the Buy Signal level for the time-being, but the risks seem higher with the continued drop in the T volume oscillator and the Osc oscillator also now indicating a slowing of the momentum.
Perhaps not yet, but at some point we should see another 'attempt' at the highs in-line with the next series of scheduled highs which are mid March and late March.
The Cluster T structures also point to peaks at those times but the T volume oscillator is not currently confirming any further strength in those structures, and this is suggesting that there is a low to be confirmed first.
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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.