Endeavour

A choppy session with a brief look below the Sell Signal line before rapidly moving higher.

An initial touch of the Buy Signal line is met with resistance and profit-taking until the late afternoon surge up through the Buy Signal line to close strongly higher.

A new Buy Signal at 4186.

Chart of S&P 500 for 07 May 2021

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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