Mohi

“The first key to leadership was self-control, particularly the mastery of pride, which was something more difficult, he explained, to subdue than a wild lion and anger, which was more difficult to defeat than the greatest wrestler. He warned them that "if you can't swallow your pride, you can't lead.”

Jack Weatherford, Genghis Khan and the Making of the Modern World, 2004

A massive gap up significantly above the S/T Buy signal level at 2628 with a slight pullback to 2640 allows for an early entry at 2641.

Strength throughout the day with the market finding some natural resistance at the 2660 level, and a high at the Mid-channel at 2664.

The OSc oscillator makes a Buy Signal and the T volume oscillator rises strongly supporting the current T structure and double-bottom DB structure.

A significant improvement but the warnings continue and risk remains high

Chart of S&P 500 for 11 April 2018
 

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

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 intraday alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.

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.

 

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *