S&P500 daily update

Ronin

A very choppy and erratic decline from 4700 making a low at 4673 before attempting a recovery to 4690 but followed by late day selling and a disappointing close.

Buy Signal continues for now.

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.

Steve Rushton December 14, 2021No Comments

FREE REPORTS S&P500 daily update

Lucia

All numbers refer to SPX

…

Some very strong buying since making lows around 4500 on 01 and 03 December quickly taking the market back to the all time highs.

A new Buy Signal at 4581 on 06 December and a new active T structure.

Should we expect further highs?

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Very strong and intimidating price action intermixed with some sharp selling as the market muscles its way higher.

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The T volume oscillator ¹ started to deteriorate after 09 November and especially after 17 November, in-line with previous projections for a high giving some warning of the subsequent selling. Having made a low with the heavy selling on 01 December, the oscillator then made a Buy Signal on 06 and 07 December with a strong move up through the declining cash build up line² of the oscillator indicating the potential for a large T structure emerging

The oscillator projects strength from the previous oscillator highs into the next series of highs via the oscillator lows, and the price highs also project strength from the previous price highs into the next series of price highs via the price lows. The T structures project the current highs with potential into the Christmas holiday and possibly beyong into New Year.

¹ The T volume oscillator is an indication of Buying Power within the market as a whole
² The cash build-up line is a declining line drawn above a series of lower highs made in the oscillator.

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The weekly chart shows a strong recovery from the weekly 21 ema back to the high forming a new small T which projects strength into the week ending 24 December – also in-line with the small T at the previous low.

If the large T structure is still larger, we can project the next major highs for the week ending 07 January, with the possibility of longer projections into early April and mid-late May 2022.

The rising line under the recent lows is an important support line, and a significant break of that area would be a serious warning.

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The monthly chart continues to show strength with a strong recovery from last months spike high. The previous high was in-line with the projection for a high from the large T Structure centered at the March 2020 low, which continues to project highs into March and May of 2022.

…

2021 continues with a range that has become increasingly expansive since the move above 2500. With price above 4500 we can only assume that this will continue. This is a Brave New World and we should trade accordingly.

–

Regardless of whether the market can continue higher or whether significant lows are ahead of us, the simplicity of the proprietary price based S/T Signalling System will continue to keep us on the correct side of the market, with price currently back on a Buy Signal since moving above 4581 on 06 December 2021.

If you would like to learn more about using the S/T Signalling System please get in touch.

–

Be prepared for what 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 as well as the new 'Notes on Daytrading' which provides insight into how to look for shorter term entries and exits within the context of the S/T Signalling System.

Steve Rushton December 11, 2021No Comments

S&P500 daily update

Exsurge

A choppy decline from the open into a low at 4675, and a grind back to 4695 before declining into the close.

Buy Signal continues.

Steve Rushton December 10, 2021No Comments

S&P500 daily update

Aktion

A very choppy start, dropping back to 4675 before grinding higher into 4700.

Buy Signal continues.

Steve Rushton December 9, 2021No Comments

S&P500 daily update

Conception

A huge overnight move and very strong buying at the open pushing higher into 4694 before sideways at the high and dropping back in the last hour.

Very strong buying into the close.

Buy Signal continues.

Steve Rushton December 8, 2021No Comments

S&P500 daily update

Pearl

A volatile opening and a powerful surge higher triggering an S/T Buy Signal at 4581 and a push up above 4600 before dropping back into the close.

Buy Signal active.

Steve Rushton December 7, 2021No Comments

S&P500 daily update

Purge

A gap up into a brief look above 4600 is quickly sold into for a retracement to the recent low and a brief look below 4500 before rapid buying into the close.

A Sell Signal at 4559 but suggesting to take profits on short positions or hedge against further recovery.

Steve Rushton December 6, 2021No Comments

S&P500 daily update

Neon

Strong buying from the open in an extremely choppy and volatile session reaching up to the area of the previous low before dropping back a bit into the close. A Cover Short Signal at 4578 and the possibility that a major low is in place, but not out of the woods yet.

Volatility continues to be extremely high and conditions are high risk.

Steve Rushton December 3, 2021No Comments

S&P500 daily update

Monroe

A strong overnight recovery and a push up into 4652 triggering a Cover Short Signal at 4616 and a Buy Signal at 4639 fades and collapses with heavy panic driven selling into the close triggering a new Sell Signal at 4616.

Sell Signal active.

Steve Rushton December 2, 2021No Comments

S&P500 daily update

Castritian

Market gaps lower into the Sell Signal line, attempts a recovery into 4646 and then collapses.

A Sell Signal at 4632 and a volatile panic driven session.

Sell Signal active.

Steve Rushton December 1, 2021No Comments

“Simplicity is the ultimate sophistication.”
Leonardo da Vinci

“Imagination is more important than knowledge”
Albert Einstein

“All of our days are numbered. We can not afford to be idle. To act on a bad idea is better than to not act at all because the worth of the idea never becomes apparent until you do it. Sometimes this idea can be the smallest thing in the world; a little flame that you hunch over and cup with your hand and pray will not be extinguished by all the storm that howls about it. If you can hold on to that flame, great things can be constructed around it; things that are massive and powerful and world changing. All held up by the tiniest of ideas.”
Nick Cave, 20,000 days on Earth

2026 Positions

(All numbers refer to SPX)

S/T BUY Signal at 7586 on 04 June

COVER Signal at 7554 on 03 June

S/T BUY Signal at 7413 on 20 May

COVER Signal at 7411 on 15 May

S/T BUY Signal at 6457 on 31 Mar

COVER Short Signal above 6398 on 31 Mar

S/T SELL Signal at 6543 on 26 Mar

S/T BUY Signal above 6600 at 6620 on 25 Mar

COVER Short Signal above 6567 on 25 Mar

S/T SELL Signal below 6554 on 24 Mar

COVER Short Signal above 6581 on 24 Mar

S/T SELL Signal below 6554 on 24 Mar

COVER Short Signal above 6581 on 24 Mar

S/T SELL Signal below 6554 on 24 Mar

COVER Signal at 6590 on 23 Mar

S/T BUY Signal at 6623 on 23 Mar

COVER Short Signal above 6563 at 6600 on 23 Mar

S/T SELL Signal at 6666 on 18 Mar

COVER Signal at 6693 on 18 Mar

S/T BUY Signal at 6729 on 16 Mar

COVER Short Signal above 6668 at 6698 on 16 Mar

S/T SELL Signal at 6756 on 11 Mar

S/T BUY Signal above 6826 on 10 Mar

COVER Short Signal above 6792 on 10 Mar

S/T SELL Signal at 6765 on 10 Mar

COVER Short Signal above 6772 on 09 Mar

S/T SELL Signal below 6810 on 06 Mar

COVER Short Signal above 6822 on 05 Mar

S/T SELL Signal below 6822 on 05 Mar

COVER Signal below 6849 on 05 Mar

S/T BUY Signal at 6882 on 04 Mar

COVER Short Signal above 6849 on 04 Mar

S/T SELL Signal below 6845 on 03 Mar

COVER Short Signal above 6877 on 02 Mar

S/T SELL Signal below 6850 on 02 Mar

COVER Short Signal above 6857 on 27 Feb

S/T SELL Signal at 6857 on 27 Feb

COVER Signal below 6884 at 6857 on 27 Feb

S/T BUY Signal at 6884 on 23 Feb

COVER Short Signal at 6850 on 23 Feb

S/T SELL Signal at 6837 on 23 Feb

COVER Signal at 6864 on 23 Feb

S/T BUY Signal at 6883 on 18 Feb

COVER Short Signal at 6834 on 17 Feb

S/T SELL Signal at 6888 on 12 Feb

COVER Signal at 6915 on 12 Feb

S/T BUY Signal at 6899 on 06 Feb

COVER Short Signal at 6938 on 06 Feb

S/T SELL Signal at 6901 on 04 Feb

COVER Short Signal at 6915 on 03 Feb

S/T SELL Signal at 6915 on 03 Feb

COVER Signal at 6942 on 03 Feb

S/T BUY Signal at 6968 on 02 Feb

COVER Short Signal at 6938 on 30 Jan

S/T SELL Signal at 6910 on 30 Jan

COVER Signal at 6940 on 30 Jan

S/T BUY Signal at 6934 on 29 Jan

S/T SELL Signal at 6907 on 29 Jan

COVER Signal at 6934 on 29 Jan

S/T BUY Signal above 6905 at 6923 on 22 Jan

COVER Signal at 6849 on 21 Jan

S/T SELL Signal below 6894 at 6843 on 20 Jan

COVER Signal below 6925 at 6843 on 20 Jan

S/T BUY Signal at 6961 on 15 Jan

COVER Signal below 6934 at 6925 on 14 Jan

S/T BUY Signal above 6890 at 6900 on 05 Jan

COVER Short Signal at 6864 on 02 Jan

S/T SELL Signal at 6837 on 02 Jan

Mission

It has been my Mission to create a simple but effective method for investing in the stock market, so that I would always know what to do regardless of the circumstances.

The result is a rigorous system which allows the market to tell you what to do, when to Buy, when to Hold, when to Cover, and when to Sell, and it removes the need for you to have any opinion whatsoever.

And so, I present to you the diary of my personal trading system, and a record of the signals that it is producing. You are welcome to follow me along but please understand that the information posted here is for entertainment 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.

Please sign up for my occasional FREE REPORTS and if you would like to find out more and receive my email alerts and more detailed observations, please SIGN UP HERE

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The mind is the spirit’s tear.
The mind is our prior and subsequent ghost.
The mind is the Bullion Express and the blood on the tracks.
The mind is a stone door.
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