Posts by Steve Rushton

Potentially stabilising at a low level, and possible bullish divergence appearing.
Maybe time for low risk buy on the market.

Small T Structure suggests strength into October 5 or 6.

A bounce here? Maybe but it looks like we will be seeing a new low, 1830 ish soon.

Another failure with the drop below 1951 in the afternoon.

It does look as though the market is starting to stabilise but maybe we need a new low to set up some bullish divergence.

Found support on the next Gann line down at 1909.
Expect sideways and upwards into the next arm of the T structure – end of september.
T structure is turning bearish and suggestative of a break-down into the target MOB area of 1830 for an October low.

Market looking like an increase in likelihood of re-testing / breaking down below the August low.
Tightening of bollingers indicates the likelihood of a price squeeze. Direction unclear.
Failure of the Gann angle from August low is another negative.
PSC turning negative.

Failed to make a Buy Signal by the close, but holding up above the mid channel.

A monday morning bounce would seem likely but if not then we are probably going to test the August low.

Spike on Fed news up to the top of the gray channel triggers a cover.
Look for next entry towards the bottom of the rising wedge.

Looking good, but potentially at the 2nd arm of the T structure.
Expect some profit-taking if the Fed news is positive.