Hopscotch

Technically a significant improvement yesterday as the market lifts out of the Short Alert.

The small T drawn has been activated by the T volume oscillator and should use the cash-build up from the December oscillator peaks, and this projects highs for MLK and the Inauguration, in line with the larger T structure.

However we are not clear of the descending resistance line (yet), and so we should keep an open mind as any further weakness would reactivate the previous short signal.

Chart of S&P 500 for 04 January 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 & 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.

 

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