S&P500 daily update

Berlin

The market opens lower, triggering a Sell Signal at 2640 and probes 2626 before powering back into the close at 2654, cancelling the Sell Signal at even and showing support below the rising line from the April low.

The Osc oscillator makes a weak Buy Signal, echo-ing the triangulation in price.

The market is flattening off, and at some point, perhaps soon, it will make a decision on future direction.

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 May 2, 2018No Comments

S&P500 daily update

Beltane

Shall I compare thee to a summer's day?
Thou art more lovely and more temperate:
Rough winds do shake the darling buds of May,
And summer's lease hath all too short a date.

William Shakespeare, Sonnet 18, 1608

–

A Mayday alert as the market opens up, takes a look at 2682 and moves lower, again, triggering a cover signal at 2656 and selling into the close.

Still trapped within the triangular 'holding pattern' and unable to break above declining resistance as the volatile chop continues.

And today is an echo high.

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

Steve Rushton May 1, 2018No Comments

S&P500 daily update

Walburga

The end of April and the beginning of the summer months.

The open gap up is not held and the market looks back at 2659 for support. Consolidation at the highs and finding some resistance here.

Market in equivalence holding above support lines but just below an important major pivot level.

Still in a holding pattern and a move up from here would release a significant amount of energy. A move downwards from here would again re-focus the market on the recent lows and the possibility of a deeper low.

What happens next will be important.

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

Steve Rushton April 29, 2018No Comments

S&P500 daily update

Liberalis

A strong bounce underway, with a gap and go day, pushing up through the Buy Signal level at 2662 and making a high on the day at 2676.

A dead cat bounce perhaps, and some residual projections for highs from the recent structures, the possibility of a small T centred on Tuesday's sell off, adn some end of month re-balancing.

Strength above 2680 would focus the market on challenging the recent high and weakness below 2640 would suggest more work to do below.

For now, a Buy Signal is active.

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

Steve Rushton April 27, 2018No Comments

S&P500 daily update

Object Shelter

An early flush to 2612 is bought back up and the market continues to stabilise throughout the day.

Sell Signal still active below the current price, but with the 2 spikes down the market appears to be holding up above 2635, for now.

Although weakened by Wednesday's heavy selling there is the possibility of some residual projections for highs towards the end of the month, perhaps a dead cat bounce prior to a more significant move down.

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

Steve Rushton April 26, 2018No Comments

S&P500 daily update S&P500 signal

Elbe

Overnight the market rises towards the Buy signal line and opens at the important 2680 level. Failure at this level and then subsequently also at 2660, initiates a sell sequence that ultimately finds the market 60 points lower, before a short-covering rally into the close.

An S/T Sell Signal is triggered at 2644, and a cover recommended at the or prior to the close as it is likely that the market will attempt to recover from the selling.

Yesterday's move down displays similarities with 02 February and 19 March with the market penetrating the Mid-channel in a decisive manner after a sequence which looks a bit like a megaphone – range expansion and dropping away.

On those 2 occasions we saw a bit of a bounce followed by a much deeper and significant low, presumably as the market resolves the problem that it is having with the current price level, and of course providing those with deep pockets the opportunity to buy at bargain prices.

And so, I suspect that we shall see some kind of bounce or recovery that those who didn't sell yesterday will sell into. Failure of that will trigger further selling, and then maybe we will see another move down to the lower extreme and to the pivot level at 2538.

The last few days selling comes at the recent projections for highs from the recent T structure and DB structure and the size of yesterday's move suggests that those structures are now complete and we should therefore look for a new structure to emerge.

Some strong target support lies in the 2510-2530 level and also in the 2530-2460 level, where the market may need to establish a deep low to form the next new large T structure.

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

Steve Rushton April 25, 2018No Comments

S&P500 daily update

Franck-Hertz

A re-test of the important 2683 level is rejected but the market finds some support at the previous low at 2660.

Market still very much responding to the declining angles, selling into strength, but looking for value at lower prices.

The Mid channel starts to turn up, and this could provide some support in the days to come.

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

Steve Rushton April 24, 2018No Comments

S&P500 daily update

April expiration

A weak open and selling down into last week's gap and a bounce at 2682.

A re-test of the rising trend or the beginning of another leg down?

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

Steve Rushton April 20, 2018No Comments

S&P500 daily update

Lisbon

Depending upon exactly how you draw the declining line connecting the previous two major price highs, we could ask the question: Are we there yet?

To recap, on 02 April the market penetrated the lower extreme of the channel for (only) the second time this year and this initiated another fast recovery with some signs of bullish divergence such as a higher low in the oscillators.
On the 06 April another flush downwards – a re-test of the lows – was bought strongly and the market has rapidly moved up through each level of price resistance since then.

On 10 April movement up above the S/T channel triggered a strong Buy Signal which is still active.

From a T Theory perspective, we can draw a T structure that projects the next price high. The left side of the 'T' starts at the tweezer tops on 12 and 13 March (where the most recent decline started from) and is centred at the low (where the decline end). The selling pressure during the decline is the fuel for the advance and produces a force that is equal in time – the right side of the 'T' – and therefore projects into 19 and 20 April. We do not know how high the force will drive the market but we know that the next highs(s) should be within the next two days.

Of course, there are additional declines that may produce further 'waves' and there is a double bottom structure emerging that could power the market higher, but what happens next will be critical.

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

Steve Rushton April 19, 2018No Comments

S&P500 daily update

In Vegas

In Vegas, everybody's gotta watch everybody else. Since the players are looking to beat the casino, the dealers are watching the players. The box men are watching the dealers. The floor men are watching the box men. The pit bosses are watching the floor men. The shift bosses are watching the pit bosses. The casino manager is watching the shift bosses. I'm watching the casino manager. And the eye-in-the-sky is watching us all

Casino, 1995, Dir: Martin Scorsese

–

A very positive development as the market leaps higher and closes firmly above the important 55 ema and major pivot. Very much on a Buy signal, and certainly a bit extended with the next negotiation being the declining resistance lines and channel lines just above.

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

Steve Rushton April 18, 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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“In the end, I’m not interested in that which I fully understand. The words I have written over the years are just a veneer. There are truths that lie beneath the surface of the words... truths that rise up without warning, like the humps of a sea monster and then disappear. What performance and song is to me is finding a way to tempt the monster to the surface, to create a space, where the creature can break through what is real and what is known to us. This shimmering space where imagination and reality intersect... this is where all love and tears and joy exist. This is the place. This is where we live.”
Nick Cave 20,000 days on Earth

“If you're going to try, go all the way. Otherwise, don't even start. This could mean losing girlfriends, wives, relatives and maybe even your mind. It could mean not eating for three or four days. It could mean freezing on a park bench. It could mean jail. It could mean derision. It could mean mockery--isolation. Isolation is the gift. All the others are a test of your endurance, of how much you really want to do it. And, you'll do it, despite rejection and the worst odds. And it will be better than anything else you can imagine. If you're going to try, go all the way. There is no other feeling like that. You will be alone with the gods, and the nights will flame with fire. You will ride life straight to perfect laughter. It's the only good fight there is.”
Charles Bukowski, Factotum, 1975

>“The mind is a glass floor.
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.
The silver on the backs of mirrors.
The wave that defines the coast.
It’s what the drunk grave robbers couldn’t stuff in their sacks.
The mind is the sum of all and more.
The spasm between one and zero in the Calendar of Black-Hole Years.
The contract between the lash and the whipping post.
A quilt of dreams stitched with facts.
A meaningless argument among whores.
Rain that keeps falling when the sky clears.
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A candlelit landscape of puddled wax.
The mind is what thought is for.
The parking lot at the Mall of Fears.
The fire-pit for the piggy roast.
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The mind is neither either nor or.
The real center of an empty sphere.”
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“The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on the brink of starvation. The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia, but to keep the very structure of society intact.”
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