S&P500 daily update - Trading the Line

Heimerad

The market makes a failed attempt at a Buy Signal at 2745 and quickly reverses, moves below 2731 and triggers a continuation Sell Signal which continues down into the close.

Continuation Sell Signal at 2730, cover at the close to protect from an overnight bounce.

Be prepared for whatever is coming next, and trade with confidence:

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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 June 28, 2018No Comments

S&P500 daily update

Seven Sleepers

No follow through to the selling, as the market looks to stabilise above 2700.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton June 27, 2018No Comments

S&P500 daily update S&P500 signal

Hamelin

Market gaps down below the S/T SELL Signal level and initiates strong selling into the 2700 'support' area.

Strong buying in late afternoon bounce.

Recommend a Cover position at the close.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton June 26, 2018No Comments

S&P500 daily update

Aquitane

Market gaps up but is still finding declining resistance from the recent highs.

Waiting for a signal.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton June 24, 2018No Comments

S&P500 daily update

Quebec

Market dropped out of the gate and found buyers at 2750 for a couple of bounces at the previous support level and on the important rising trend-line. Just holding up above the Mid-channel and not quite a Sell signal, not yet.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton June 22, 2018No Comments

S&P500 daily update

Litha

My soul is in the sky.
Tongue, lose thy light.
Moon take thy flight.

William Shakespeare, A Midsummer Night's Dream, 1595/6

–

A gap up into declining resistance and a market that looks like it doesn't want to go up, and/or isn't ready to go down.

Some improvement in price but the oscillators look weak suggesting sideways or lower from here.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton June 21, 2018No Comments

S&P500 daily update

Hoechst

The market continues to probe the downside with another gap down below the Buy Signal level.

Strong support is found at 2745 but the market does not regain the Buy Signal level on this occasion.

The Osc oscillator continues to weaken and is now neutral and close to a Sell Signal

We will await the next signal.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton June 20, 2018No Comments

S&P500 daily update

Methven

Another gap down finds buyers at 2762 and the market holds up above the Buy Signal line into the close.

Still marking out the upper range.

Futures are down significantly this morning indicating another challenge to the current Buy Signal with the market now looking for support at the Mid-channel.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton June 19, 2018No Comments

S&P500 daily update

Civitate

A gap down and challenge to the recent rise is contained at 2762, and the Buy Signal remains active with a strong bounce off rising trend-lines.

The T volume oscillator turns negative in response to the weakness as the market continues to back away from the recent high revealing some declining resistance to be overcome.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton June 17, 2018No Comments

S&P500 daily update

Vulcan

The market continues to grind below the recent highs and oscillators turn neutral.

A move upwards through the recent highs would signal a continuation of the advance in-line with the next series of projections. A break below rising support would signal further probes to the downside.

Still establishing an upper range, and profit-taking since the projection for the recent highs.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton June 15, 2018No 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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