Buy Signal at 1960

A nice relief rally and close above the Buy Signal level of 1960.

Lots of potential resistance above – 55 Ema at 1971 and midpoint at 1979,
but the T Theory volume oscillator looks great.

Assuming that we can get through the resistance and close above 1983, then we have the potential for new highs.

It looks like we have a cluster of highs scheduled for oct 14 and 17 – into expiration.

Chart of S&P500 for 9 October 2014

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