Buy Signal at 2172

Squeeze resulted in a Buy Signal being generated in the opening above 2170 and the market never looked back, pushing the market back up to resistance line, upper bollinger and new all time highs.
Magic T oscillator back at zero and looking like the small blue T structure is now activated projecting highs this week and next.

Chart of S&P500 for 8 August 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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