Just because

Continuation Sell Signal at 2107 yesterday with target of at least the prior low which was acheived.

The 2pm bounce prompted a cover signal (just in case), but the short term Sell Signal remains active.

The market is ready to bounce at a moments notice, with several indicators flashing green, but I still think we will touch the lower rising Gann line currently at 2083 sooner or later.

Moving into or towards a low…

Chart of S&P500 for 03 November 2016

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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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