S&P500 daily update

Soothsayer. Caesar!
Caesar. Ha! who calls?
Casca. Bid every noise be still: peace yet again!
Caesar. Who is it in the press that calls on me?
I hear a tongue, shriller than all the music,
Cry 'Caesar!' Speak; Caesar is turn'd to hear.
Soothsayer. Beware the ides of March.
Caesar. What man is that?
Brutus. A soothsayer bids you beware the ides of March.

– William Shakespeare, The Tragedy of Julius Caesar, Act I, Scene 2

Another probe into the Mid-channel, and teasing with a 'cover signal'.
Weak Buy Signal still active but no follow thru yet, as we wait for the Fed's decision and commentary. Hedge accordingly.

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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.

The most beautiful experience we can have is the mysterious.
It is the fundamental emotion that stands at the cradle of true art and true science.

– Albert Einstein, The World As I See It, 1930

Another one of those days when you could have been excused for not coming into work early.
Still trading mostly above the averages and gently pushing upwards into the close.

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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.

A bullish rejection from the mid-channel area potentially setting up the possibility of a small T if yesterday turns out to be a low.

Momentum slowing and an OSC Oscillator Sell Signal will occur today.
Osc signals are a lagging momentum indicator and suggest that it is unlikely that we will see significantly higher new highs if we do rally.

I have drawn in the possible new T which will not be activated unless we actually get a Buy Signal and note that it does syncronise with the scheduled upcoming pulse and echo cycle highs.

Keep an eye on the T volume oscillator for signs of life, and allow price to be the leading indicator for commitment.

Be prepared: To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the 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 which explain how this system works.

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.

Market continues the gentle slide lower which is indicative of the lack of buying power at the end of a large T structure.
And we now enter a Warning Phase.

We are now quite oversold and a short term bounce could occur soon with several indicators now flashing 'oversold'.
A cross above the diagonal descending resistance line from the all time high would be a good confirmation.

As we wait for a signal, today's test will be to see if the rising line from the February 8 push upwards holds or not.
And keep an eye on the T volume oscillator for signs of life.

NYMO and short-term RSI at, or near to, levels associated with lows…

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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.

Price fails to hold up above the Buy signal and a Cover Signal is confirmed.
Price will need to prove itself again, before we confirm a new Buy Signal.

The T volume oscillator makes a significant move down below -50, indicating that we are now looking for a low to be confirmed, before the next wave of buying occurs.

There is strong rising support ascending from the February 8 move upwards, and otherwise there is the long term trend line from the previous peaks which was previous resistance and now may become a support line.

It is now clear that the March 1 peak at 2400 was indeed the end of a major T structure and that the 'Cluster T structures' also completed at the same time. We may see some small effects from those projections, but we are now really looking to see a new structure emerge.

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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.

Market continues to retrace its steps and filled the open gap at 2369-2375 with a bounce off the long term projection from the February 2015 high (a major turn).

Price remains above the Buy Signal level for the time-being, but the risks seem higher with the continued drop in the T volume oscillator and the Osc oscillator also now indicating a slowing of the momentum.

Perhaps not yet, but at some point we should see another 'attempt' at the highs in-line with the next series of scheduled highs which are mid March and late March.

The Cluster T structures also point to peaks at those times but the T volume oscillator is not currently confirming any further strength in those structures, and this is suggesting that there is a low to be confirmed first.

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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.

Market playing catch up within the higher range, still in response to the echo high and the end of the large T structure.
Game remains on but more resolution is required.

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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.

"Take some more tea," the March Hare said to Alice, very earnestly.
"I've had nothing yet," Alice replied in an offended tone, "so I can't take more."
"You mean you can't take less," said the Hatter: "it's very easy to take more than nothing."
"Nobody asked your opinion," said Alice.”

– Lewis Carroll, Alice in Wonderland,1865

A gap and go day and the market never looked back as it breaks out above the long term projection from the February 2015 high.
The T volume oscillator responds and returns to the zero level removing the previous cautious note from the previous days, and re-confirming the Cluster T structures.

This is potentially an important event for long term reference as it is suggesting another shift is occurring in the market similar to June 2014.

Of course, the market is now rather overbought, and at some extreme levels within the various channels, and so some form of consolidation would be normal but not necessarily essential – that was a formidable and urgent move yesterday and is, I beleive,  telling us something important.

We should also be aware that yesterday is inline with the end of the Large gray T structure (+1 day) and if we see a rapid retreat from this level it would be explainable as the blow-off at the end of a large and powerful T structure. Interesting days ahead.

Be prepared: To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the 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 which explain how this system works.

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.

The Large gray T structure from the Election low is now complete (but with a possible 1-2 extra, maybe) and we could now see a significant reduction in buying power.

T volume oscillator makes a significant move down confirming that under the hood the market is entering a distribution phase.

The longer arms of the Cluster T structures are now under threat.

It wouldn't be surprising to see the market open out its range, perhaps make a token new high and also mark out a new lower range suggested by the descending line from the small gap at 2351.

In the meantime the averages are also playing catch up, and significant support lies at the rising lines from the previous consolidation period.

Be prepared: To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the 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 which explain how this system works.

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.