Sleep alone

Caution of the world he said was over
Caution where we were
Caution where we were
Oh

For a long time we stayed down
And all we said was sleep alone
Watch the city fall
With those eyes so low
Watch the sunlight
Watch it go
Watch the storm rise
Watch the storm fall
Watch the storm rise
I watch the storm fall

Moby, Mere Anarchy, 2018

An over-heated and potentially exhausted market slips and slides, finding some end of day support – for now – just above the Buy Signal level.

The T volume oscillator drops, significantly towards zero indicating the lack of buying power apparent yesterday, hinting that we have seen a short term high at the projection from the secondary T structure centered at 08 March.

Watch to see if the shallow declining angle from the high contains any further recovery advances and / or if this starts to set up a declining channel.

Chart of S&P 500 for 10 April 2019

Be prepared for whatever is coming next, and trade with confidence:

To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the Trading the Line system before the market opens, and intraday alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.

Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

 

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