S/T Buy above 2147

Speculative Buying off the recent lows heads into resistance
S/T Buy signal confirmed (just) with the close above 2147 but needs strength above 2152 – the black line – to confirm the move is on.

And if the move is on, the small unconfirmed gray T with centre at 14 September points to next potential short-term high – 20 September – and if we see further strength into early October.

Chart of S&P500 for 15 September 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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