Deciding line

And finally some 'movement' and down to a strong ascending support line in the mid 2130s.
What happens here will be interesting because it is potentially a 'tipping' point for the market.

Note that there is a possible end date to the red T structure from the March 11 thrust because this is just above the 'Brexit' low.

Chart of S&P500 for 12 October 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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