Pilgrim

Strong buying and strong selling with a drop below the Sell Signal line, a rapid recovery and and a push higher above the Buy Signal line but dropping back rapidly in late action, cancelling the signal for now.

Confused and erratic action – dangerous market conditions.

Cover Signal continues.

Chart of S&P 500 for 05 February 2022

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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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