Dante

A large gap higher and a push above the Cover Short Signal line at 4425 before dropping back.

Another push higher into 4435 before the FED announcement and a brief look above the Buy Signal line at 4448 is heavily sold into dropping the market to 4315, bouncing to close near breakeven.

Sell Signal continues.

Chart of S&P 500 for 27 January 2022

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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Your email address will not be published.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 *