A large gap higher above the Cover Short Signal line at 6563 is met with strong buying and short covering, triggering an S/T Buy Signal above 6623 but quickly dropping back in a day of volatile stabilization.
Dangerous market conditions continue.
COVER Short Signal above 6563 at 6600
S/T BUY Signal at 6623
No follow through – COVER below 6623
COVER Signal at 6590
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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 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
