I have re-drawn the price momentum T structures using Terry Laundry's Volume oscillator rather than simply using price spikes and I beleive that these are now more accurately describing the market's momentum.
If correct it suggests that the larger long-range T centred at February 4th is more dominant and is pointing to another potential high around June 16th and IF the small red T works out then it too is pointing to June 13th.
The small red T needs to see a break higher above Friday's close at 1900 and therefore suggests that unless we see a break lower tomorrow, we could expect a move up into the R1, R2 area mid June.
Assuming we take out 1902, the previously unconfirmed Buy Signal is now confirmed.
