Simancas

A gap up into the area of the previous high at 3900 is met with muted interest and an afternoon decline.

An end of day look just below the Cover Signal line at 3824 is quickly bought back keeping the Buy Signal alive for now,

Buy Signal active.

Chart of S&P500 for 18 July 2022

Sign up here for daily analysis with the updated Buy / Sell trigger levels being generated by the Trading the Line S/T System before the market opens. Trading the Line Membership – includes Explanatory Notes (pdf), Notes on Day Trading (pdf) and End of Day Snapshot of Day Trading Entries.

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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