S&P500 signal

A good attempt at recovery from the drop below 2000 but the afternoon failure confirms the cover at 1994.

It looks like the 2 T structures are now combined making a split centred structure, as to be expected with 2 lows.
I still expect a choppy grind upwards into Thanksgiving, followed by a Santa claus rally into new year.

Price secured above 1913 into the close generating a S/T Buy Signal, albeit high risk.

I expect further strength into October 5/6.
Failure here would be a strong Sell Signal.

The rapid drop thru the mid channel triggers a short signal but notice that we hold onto the rising Gann line from the August low.

Strength into the close above 1954 triggers another Buy Signal.
OSC oscillator looking good again. Maybe the August low will hold after all?
If so, the T structure projects strength into Thanksgiving

Well I did wonder for how long the Buy signal would last and not correspondence with the 2nd arm of the T structure.

Expect a volatile sideways continuation and possible break to the downside before this is resolved.

S/T Buy Signal above 1945 and at the close 1969.
Possible 2nd attempt at recovery.
But still in this nasty triangle, and a close above the mid channel would really help to settle the nerves.
Expect more choppiness.
New T structure looks active now, possible projection into late September.

T volume oscillator drops back below zero indicating further weakness.
OSC oscillator giving a potential Buy Signal.
But lots of breakdown in the chart on Gann angles.
Looking for a low to occur sometime in the next 6 weeks.
Dangerous market.

Strength above the Buy line in the first hour or so, no reason not to go long.
First arm of the small T structure indicates strength into labor day.

Target probably 2040-2050

An impressive recovery off the 200 MA but ultimately ending in failure and sets up a short signal at the close.

Also notice that the 70 day pulse from low is currently a little longer ~ 71-75 days.