Waiting for Jackson

Market continues to hold up above the mid-channel in the tight trading range of the rising wedge.

We should expect some choppy days ahead, with perhaps several 'false' signals before a strong directional move.

Chart of S&P500 for 23 August 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Your email address will not be published.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 *