Short term Buy Signal at 2184

Price makes a short-term S/T Buy Signal at 2184, but upside seems relatively restricted.

Market seems to have shaken off that descending channel and the T volume oscillator turns positive confirming the prescence of the small cluster T.

The similar lows of the August 2 low and recent series of lows makes the unconfirmed possibility of a combination of the the 2 blue T structures, marked gray projecting highs for September 20.

Chart of S&P500 for 7 September 2016

For more detailed analysis, please Sign up for Alerts & Observations

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.

 

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *