A gap higher but quickly giving up the gains, dropping back through the Cover Signal line at 4251, attempting to bounce but giving up more in the afternoon with a drop below 4233 triggering a Sell Signal, continuing lower into the close.
An S/T Sell Signal at 4233.
Difficult and challenging conditions.
Sign up here for daily analysis with the updated Buy / Sell trigger levels being generated by the Trading the Line S/T System before the market opens. Trading the Line Membership – includes Explanatory Notes (pdf), Notes on Day Trading (pdf) and End of Day Snapshot of Day Trading Entries.
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.
