Anthrocene

Sit down beside me and I'll name it for you
Behold, behold
The heaven bound sea
The wind cast its shadow and moves for the tree
Behold the animals and the birds and the sky entire
I hear you been out there looking for something to set on fire
The head bow children fall to their knees
Humbled in the age of the Anthrocene

Nick Cave & The Bad Seeds, Anthrocene, 2016

A gap up and advance into 2800 is short-lived. The subsequent profit-taking turns into persistent selling as the market looks for support.

The result is an ugly reversal day exacerbated by fears that the return of volatility will push the market back down towards the recent lows.

As the market is still above the current Buy Signal level and some key support that still remains to be seen.

Chart of S&P 500 for 14 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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