Again close to a cover and sell signal, but held above the Buy trigger line into the close, showing that the market is still reluctant to sell off. However we have now broken down through the important rising line from the pre-election low and this is certainly a warning.
We have another projection for a peak next week on the 24th, followed by 2 cycle highs shortly after, suggesting the possibility of a recovery and climb back up the underneath of the rising line before one look back over the shoulder and kissing goodbye.
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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.