Après moi le déluge
(Louis XV of France / RAF 617 Squadron Dambuster's motto)
A ferocious sell-off down into a hole at 2406 which just happens to be the 55 day ema and site of a long term rising Gann line form the Election low - an important test for the whole Trump rally.
This also marks a structural centre to the current rising trend and is right on a line which rises from the February 2015 highs.
Interestingly, yesterday is exactly in-line with the 5 April spike high and reverse day and is almost certainly in my mind an echo of that occurrence. This in turn reinforces the projections of the 'New T Structure' and we should therefore assume that the upcoming arms of the T will also be peaks at those times (not necessarily higher peaks).
As the market has clearly expanded its range and volatility, we should expect this to continue for a while, especially considering the upcoming cluster of Echo and Pulse highs that are projected for the next week or so.
Be prepared for whatever comes next:
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