Mariner

Some follow through on Thursday's recovery with a pop up above 3000 triggering a Buy Signal at 3004 before fading throughout the day and through the Cover Level at 2988 to close back near the week's lows.

Back to a cover signal, not far from Sell Signal levels as the market becomes more defensive and displays distribution at the recent highs with Friday's pop, fade and drop.

Chart of S&P 500 for 22 July 2019

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

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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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