Trading the Line

ok so mananged to scrape back above the cover level yesterday but i do think there is the possibility for a test of the mid-point and S5 now.

Note we are at the 3rd arm of the T structure and we have a sell warning in place from the T vol oscillator.

Nice push up from friday's close, but momentum does appear to be falling off slightly.
keep a close eye on the levels and oscillators.

Friday night sell off, however slight always a little worry but didn't quite hit the cover level so we will see.

S5 is the major support line to watch if this pullback accelerates.

Keep an eye on the T theory volume oscillator which dropped to zero yesterday.
A bounce here is a very positive thing, but failure would be a warning.

Nothing much to say, looks good for a continued grind higher.

Looks like the current break out to new highs is confirmed.
Expecting resistance in the 2135-2150 region.Looking for a peak around march expiration.

Not much to say – keep watching.

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.