Pucelle

Sell signal still active as the market drops to the 200 day moving average and looks for some kind of support.

Entry short at or above 2782.

As usual recommend covering at or prior to the close.

Some bullish signals flashing. There may be enough actual fear in the marketplace again to put a floor under the current decline.

However with some strongly negative forces and declining lines it may take several attempts to turn this thing fully around. Caution in either direction is recommended.

Chart of S&P 500 for 30 May 2019

Be prepared for whatever is coming next, and trade with confidence:

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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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