Medellin

A short-lived Buy Signal at 2667 takes a look-see at 2675 and is rejected.

Failure of the Buy Signal re-activates the Sell Signal below the cover level of 2653 and certainly below 2643 as the market moves lower again.

Another 2% drop in 2 hours.

Still looking for stabilisation and a low to be confirmed by the oscillators.

Chart of S&P 500  for 28 March 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.

 

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