Trading the Line

Testing the upward rising Gann lines.
But notice the OSC dropping suggesting that we may not make new highs on this move.
Think we may be setting up another range-bound situation.

Break below the zero line on the T volume oscillator confirms the weakness.
Found support on the rising Gann line from the previous low.
May need to stabilise before moving higher, maybe a re-test of the 55ema.

Market spent some under the cover level again, only to recover into the close.
T volume oscillator back at zero so a pullback here, perhaps 2060 – 2030, would make sense.
A positive monday might push for the all time high.
Back in the 'range'.

Ok so its certainly possible that we are beginning a pull back, but the trend looks up.
Sitting at the tight stop.

Note that rsi14, 7,3 nearly at 70 a previous turning point

Grind upwards continues towards the all time highs.
Difficult to imagine that its not going to challenge that.

A nice bounce from the zero level on the T volume oscillator, which is a very positive thing.
And a break up through the descending Gann line.
Higher prices into Thanksgiving look likely.

Tight stop triggered after touching the top rail of the descending wedge. Take profits.
Also showing some weakness close to end of arm of T structure / 70 day pulse high.

At the top of the declining wedge, so should need to work this off and maybe move sideways / pullback a bit before further gains into Thanksgiving.
Not out of the woods yet but a long way through it.