S&P500 daily update

Bloomsday

Ask no questions and you'll hear no lies.

– James Joyce, Ulysses, 1922

The market continues marking out the recent range defined by the 9 June roller coaster day, and with the weakening of the oscillators in a bullish environment we might expect this volatile chop to continue, especially considering the effects of some hard selling in the tech sector.

This is reminiscent of the January and early March periods with the market absorbing its discovery of higher prices.

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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 16, 2017No Comments

S&P500 daily update

In motion

We think the representation to be unimpeachable, until we throw all our preconceived impressions on one side, and seek the truth by independent observations from Nature herself.

– Eadweard Muybridge

A profit-taking day and a short term peak and another touch of that rising line from the low, still in-line with the suggested 'possible New Large T structure' which is still only a possibility as the T volume oscillator backs off from its recent high and the Osc oscillator remains neutral.

Still holding up above the Buy Signal line for now, but the Osc oscillator is hinting at the potential for a decline or choppy grind sideways, and we may need to see some more probes to the downside before the next strong move upwards.

So long as the market doesn't make a cover signal then a grind to higher prices is still likely, but if it does make a cover signal we will look for a new low to occur and form a new structure which may still support the current possible projection.

Be prepared for whatever comes next:

Steve Rushton June 15, 2017No Comments

S&P500 daily update

Stars and Stripes

The Bull flexes its muscles and proves to us that we are still very much on a Buy signal.

The T volume oscillator makes a tentative new relative high, potentially activating the cash-build up line that goes all the way back to the February highs in the oscillator, and so I have drawn in the possible new large T structure.

Still early days, but if correct, this structure projects highs towards the end of June that would synchronise with the scheduled echo and pulse highs and then possible further strength into late July and August.

Be prepared for whatever comes next:

Steve Rushton June 14, 2017No Comments

S&P500 daily update

Catalina

Market remains relatively unscathed – a bounce off the rising support line from the recent low, testing the downside, but holding up above the Buy Signal level especially with the last minute push higher.

The T volume oscillator is still above the zero line providing strength but the OSc oscillator is descending and will most probably make a 'sell signal' today – unless we get a really strong up day today.

There is a possible small price T centred on Friday's spike low which could provide some strength into the next cluster of scheduled echo and pulse highs, unless of cause the market does decide to rollover and sell off. Watch the rising line from the recent low for evidence of that.

Be prepared for whatever comes next:

Steve Rushton June 13, 2017No Comments

S&P500 daily update

Roller Coaster

The important 9 June end date for the 2 current T structures certainly produced an exciting day at the funfair – something for everyone.

Perhaps the sign of things to come – an increase in volatility – as the market makes a new high, reverses dramatically, plunges below the cover level, and then recovers in a late afternoon rally into the close.

Significant damage done, but the T volume oscillator ends the day positive indicating overall positive breadth and the Buy Signal remains for now. In contrast the OSc oscillator is falling and looks like it may make a 'sell' signal in a day or two and is signalling a slowing of the bullish momentum.

Although the market may grind or chop higher, short term the risk of a more serious decline are elevated. Trade carefully.

Be prepared for whatever comes next:

Steve Rushton June 10, 2017No Comments

S&P500 daily update

Columba

Market see saws below the highs, and remains within a slightly descending and holding pattern waiting for a catalyst to provide direction.

T volume oscillator remains in neutral, and the OSc oscillator flattens off indicating the potential stalling of momentum.

Current T structures expire today, not a time for risk taking as we could expect to see a distinct lack of buying power next week.

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Steve Rushton June 9, 2017No Comments

S&P500 daily update

Oceans

Our Oceans, Our Future
(World Oceans Day)

A nice bounce but still potentially within a descending or holding pattern just below the highs.

T volume oscillator at the zero inflection point.

The current small T expires today or possibly tomorrow along with the larger 'Secondary DB' T Structure.

I would recommend hedging acccordingly as the risk of a decline is increasing.

Be prepared for whatever comes next:

Steve Rushton June 8, 2017No Comments

S&P500 daily update

Vestalia

Market in gentle decline, in-line with the 2 June echo high and penultimate arm of the current T structure (Secondary DB).

We still have projections for a high on 8 or 9 June and so another attempt at the recent high is possible, but with the endgame of the current T structures close to hand the risks of a decline are increasing.

Watch the declining angle for hints of an advance, and/or support or failure of the Buy Signal.

Be prepared for whatever comes next:

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, become a Member and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.

Steve Rushton June 7, 2017No Comments

S&P500 daily update

Overlord

A pause for thought at the echo high.

Penultimate arm of 'Secondary DB' T structure today.

Be prepared for whatever comes next:

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, become a Member and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.

Steve Rushton June 6, 2017No Comments

S&P500 daily update

Torch

You know that it would be untrue
You know that I would be a liar
If I was to say to you
Girl, we couldn't get much higher

Come on baby, light my fire
Come on baby, light my fire
Try to set the night on fire

– The Doors, Light my Fire, 1967

An impressive push into new territory near the end of the current T structures.
Market in 'Hurry up' mode.

Be prepared for whatever comes next:

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, become a Member and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.

Steve Rushton June 4, 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 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.
The silver on the backs of mirrors.
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It’s what the drunk grave robbers couldn’t stuff in their sacks.
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