A panic on the Solstice and Grand Conjunction.
A huge overnight move down below the Cover Signal line and a 'recovery' into the open is sold heavily into.
A Short Signal is triggered below 3654 and sees 3640 before stabilizing and finding strength back above 3654 cancelling the Sell Signal. Continued strength eventually takes the market back above the morning highs and back above the Cover Signal line for a full recovery.
Last minute strength keeps the market above the Buy Signal line.
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.
