Friday's pop above the upper bollinger and subsequent retreat below has brought in more sellers.
The bollingers are now quite tight as the market starts to prepare for the next big move.
Still above the buy signal line and major rising support line, but the T volume oscillator's drop below zero is now warning of the potential for a more severe correction. Keeping an open mind though as the market does not seem to want to go down, yet.
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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 & entertainment 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.
