S&P500 signal

Nice rally and never looked back.
OSC looking like recovering.

May Day !

Failure at 2071 in conjunction with both OSC and T volume oscillators negative.

It looks like the break of the upward rising Gann support line and the expiration of the split centre T structure and the 70 day pulse from the January low have all coincided to initiate a move lower.

Failure at 2095 in late trade, and the first break through the long term gann angle.

Continuation Buy Signal after early morning weakness.
T volume oscillator turns positive and points to potential new T structure highs late April / early May.Watch action at the bollingers, squeeze ocurring.

With the combination of short OSC and T Volume Osc, cover on the early weakness at 2050.

Note supported at rising gann line, also 8 day ema. Setting up for the next big move – up or down?

Market recovering on soothing words, and oil pumping.
OSC drops below the break out bands, signalling further weakness ahead.
Notice how the last time this occurred the market recovered but did not make significant new highs and ultimately led to a major low.

Cover at 2045
Still in strong uptrend so watch out for a continuation Buy Signal.
Strong support below at 2030.

The doji on tuesday may well be signalling a short term top.
Also suggested by the T structures from the february low and from T volume oscillator in January.

Interestingly the T volume oscillator dropped down to zero yesterday, hinting at things to come.

Arms reading was 2.00 – high enough to signal a short term recovery, perhaps after any further weakness today. A bear trap?