Lab

Heavy selling at the open triggers an S/T Sell Signal below 2846. An initial strong bounce cancels the first signal but the selling resumes triggering a second signal as the market declines into a series of choppy lows at 2800 before short covering into the close.

Sell Signal active for now.

Chart of S&P 500 for 14 May 2020

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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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