S&P500 daily update

Twenty-five hundred

The Buy signal continues and the market closes at the important landmark 2500.

The next negotiation is the upcoming Echo high and the next arm of the current T structure, both scheduled for later this week.

Be prepared for whatever comes next:

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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 September 17, 2017No Comments

S&P500 daily update

Dolores

Another arm of the current T structure acheived and the market makes time for a pause just below the important 2500 level.

Expect the usual expiration push and pull as traders re-position for October.

Be prepared for whatever comes next:

Steve Rushton September 15, 2017No Comments

S&P500 daily update

Push the sky away

I got a feeling I just can’t shake
I got a feeling that just won’t go away
You’ve gotta just keep on pushing…
Push the sky away
– Nick Cave and the Bad Seeds, Push the sky away, 2013

Pushing away at the highs, and the siege of 2500 begins.

Today we have the next major arm of the current T structure as drawn from the 27 July peak and drop – the point where the recent decline into the August low appears to have originated. You could also argue that this actually started a few days earlier on the 20 July and so we also have a projection for a peak next week. Prior to that, the T volume oscillator peaked on the 14-17 July and so you can also run a projection from there.

And so we could expect to see some kind of pause here, as the market absorbs the round number of 2500, and then a grind away (maybe higher) into a more significant peak at the next arms.

SPY dividend and September expiration tomorrow will add a little extra something to the mix.

Be prepared for whatever comes next:

Steve Rushton September 14, 2017No Comments

S&P500 daily update

Epulum Jovis

reaching for the sky…

The market reaches out and upwards to new highs with yet another gap.

The resulting strength in the T volume oscillator (now at its 2017 high) increases the size and range of the current T structure potentially drawing power from the very long cash-build up since the previous peaks earlier in the year. This development suggests that the August lows were important and that we may now be at the beginning of another advance to significantly higher prices.

The current large T structure projects initial upcoming highs in September in blue, and a series of extensions from the previous decline projecting into October in gray. It is also now possible that this structure could draw strength from the previous declines projecting further into the winter. However what comes next is dictated by the unfolding of price at the next peaks…

Be prepared for whatever comes next:

Steve Rushton September 13, 2017No Comments

S&P500 daily update

Marathon

Market pops to the upside with a gap and go and close near the highs day, proving that the current T structure is very much alive.
A strong move that is supported by the T volume oscillator and now suggesting the potential for significantly higher prices.

Be prepared for whatever comes next:

Steve Rushton September 12, 2017No Comments

S&P500 daily update

Sea of Troubles

To be, or not to be: that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles,
And by opposing end them? To die: to sleep;
No more; and by a sleep to say we end
The heart-ache and the thousand natural shocks
That flesh is heir to, 'tis a consummation
Devoutly to be wish'd. …
― William Shakespeare, Hamlet

Market stays within the recent range and holds just above the recent rising support line and the Buy signal line.
Still waiting for the catalyst amidst some reluctance to hold long positions into the weekend.

Not much change, but the 'warning' is re-iterated, and below here price deterioration will lead to more selling. The OSC oscillator which of course is a lagging indicator, also displays some weakness in the momentum and turns neutral.

However, lack of bad news over the weekend has raised the futures and we start the week with bullish expectations. IF the market can hold onto these gains we have the possibility of another upcoming peak projection from the small T structure.

We remember all those who suffered and all of those who lost their lives on 911.

Be prepared for whatever comes next:

Steve Rushton September 10, 2017No Comments

S&P500 daily update

Pledge

… liberty and justice for all.

A choppy day but still holding up above the Buy Signal level.

Be prepared for whatever comes next:

Steve Rushton September 8, 2017No Comments

S&P500 daily update

Borodino

A gap up, stabilise and recovery day after Tuesday's Fall.
An inside day holding up above the rising support lines.

Be prepared for whatever comes next:

Steve Rushton September 7, 2017No Comments

S&P500 daily update

Mayflower

The echo high pushes down hard into the 55 ema for a bounce back to hold onto support just above the Buy Signal level.

Be prepared for whatever comes next:

Steve Rushton September 6, 2017No Comments

S&P500 daily update

Bertin

Back to work after the long weekend, and Kim fires another missile.

Last week was a nice strong linear move and a little re-tracement of that would make sense given that the first main arm of the small T projected into Friday, and today is a scheduled pulse high.

Still on a Buy Signal with the possibility of a grind higher into a mid-September projection of the current T.

Be prepared for whatever comes next:

Steve Rushton September 5, 2017No 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 SELL Signal active below 7462 st 7440 on 17 July

COVER Signal below 7522 at 7440 on 17 July

S/T BUY Signal at 7398 on 29 June

S/T SELL Signal active below 7344 on 26 June

COVER Short Signal above 7361 on 25 June

S/T SELL Signal below 7422 on 23 June

COVER Signal below 7452 at 7365 on 23 June

S/T BUY Signal at 7500 on 18 June

COVER Short Signal at 7500 on 18 June

S/T SELL Signal at 7424 on 17 June

COVER Signal at 7454 on 17 June

S/T BUY Signal at 7404 on 11 June

COVER Short Signal at 7337 on 10 June

S/T SELL Signal at 7462 on 05 June

COVER Signal at 7553 on 05 June

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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