Trading the Line

Note: sell-offs in early trade should be watched for potential turnarounds

Although the cover level was 2087 we only traded below that in the first half hour… important to give a little in time and price… especially when the projection is higher prices.

ok so it seems that we have met numerical resistance at 2100 and at the first arm of the current t structure.

I would expect a slow steady grind higher through march.

More of the same ahead, i guess.
Now we have a breakout above the oscillator black line – monitor this for the next move down.

nice strength now. keep an eye the rising support lines.
No reason not to expect to see a move up into the resistance lines above.
Plenty of power coming out of this coil.

Looks like we should be moving up into a top in the 2130-2140 area between now and end of Feb.
And I suspect we hit 2150 by end of March.

Keep an eye on the very strong resistance lines above.

Certainly looks that way. Follow with trailing stop.

nothing to see here, move along now…

looks like we are heading for new highs

New T structure likely with extensions out to early March and end of March.

It looks like we are waiting for the january consolidation and 'coiling' to show its hand.
Its quite possible that this will manifest itself in another directional move upwards, perhaps leading to an April high. But the question is do we need a drop first.

still looking for a break