A navigation system for trading the S&P500 index
Well I did wonder for how long the Buy signal would last and not correspondence with the 2nd arm of the T structure.
Expect a volatile sideways continuation and possible break to the downside before this is resolved.
No CommentsS/T Buy Signal above 1945 and at the close 1969.
Possible 2nd attempt at recovery.
But still in this nasty triangle, and a close above the mid channel would really help to settle the nerves.
Expect more choppiness.
New T structure looks active now, possible projection into late September.
No CommentsNot much to say other than, dangerous market and will remain so until the 200 Ma is regained.
Lots of long term Bear Market signals firing and will be confirmed unless a significant recovery occurs this month/next month.
We are looking for a Low at some point, but the rules have changed, for now.
No CommentsNo Buy Signal on a closing basis.
T vol oscillator moves above zero.
Tight triangle forming.
No CommentsAnother big up day, proving the point about how dangerous this market has become under the 200MA.
Not quite a Buy Signal.
No CommentsT volume oscillator drops back below zero indicating further weakness.
OSC oscillator giving a potential Buy Signal.
But lots of breakdown in the chart on Gann angles.
Looking for a low to occur sometime in the next 6 weeks.
Dangerous market.
No CommentsCover and go short if we move below 1925
We obviously need more time to stabilise.
This indicates the problem with long signals below the 200 MA
No CommentsOk managed to stay above the 1965 sell level, just. Short below there today.
No CommentsDo we back off and re-test the lows or hang on and continue up.
No CommentsStrength above the Buy line in the first hour or so, no reason not to go long.
First arm of the small T structure indicates strength into labor day.
Target probably 2040-2050
No Comments