labor of love

Pop and drop but didn't fail on the day.

Covered Short position at 2182, and potentially back on a Buy Signal with the recovery into the close above 2178.
Just wanted to see a bit more above the descending channel to confirm.

Not completely convincing due to underkiss of rising Gann line at 2084, but a possible small cluster T structure pointing to cycle high on the 8-9 September.

Chart of S&P500 for 05 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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