Trading the Line

and the FOMC says….

Still not quite a Buy signal (close above 1943) yesterday and the oscillator is probably going to make a sell signal today or tomorrow, which would also coincide with the end of the larger T structure (grey).

Not quite a buy signal yesterday (needed to ba above 1943) but looking like a float higher and re-test of the high is likely and then possible failure judging by the dropping oscillator.
Will the FOMC massage the market?

I'm expecting to see a bullish / sideways start to the week and perhaps even a re-test of the 1950 area, before a more serious pullback occurs.

Follow thrugh yesterday hit the short-term stop at 1939 and sets up for a re-test of the high
(if my analysis of the longer T structure from 2nd march is correct)

Found support on the first rising trendline from but if this fails there is stronger support at 1920 and then 1905.

The oscillator remains high and I do not expect a full Sell signal to occur until after June 20 expiration.

CCI short-term stop / sell signal.
Wait to see if it is confirmed by price (below 1939).

Projection is sideways / slightly upwards into June expiration – keep an eye on support from rising trendlines.

Now looking for a sideways / downwards move and test of 1930, followed by a re-test of the high.

It appears that R2 resistance line held yesterday and so the pause is now on.

I am expecting a short drop to perhaps 1929 and a second attempt at 1960 to coincide with expiration week.

A holding pattern until end of the larger T structure, and then we see if we get a sell signal.

altitude sickness?

Having punched up through R1 to R2, a pause and pull-back to the rising trend-lines would make sense.

The blue T structure expires now so we should or could see a negative effect here, and the recent move – 11 up days in 12 – has a parabolic s curved shape.

This move certainly took me by surprise, so I expect more surprises.

If we don't get the pause here then expect a move to 2000.

We are at the end of the blue T structure.
RSI 14 above 70.
RSI 2 above 97.
Within R1 and R2.

A quick drop and then subsequuent rally to 1950-60 makes sense now.
If not we are heading for 2000.