A navigation system for trading the S&P500 index
A wild day and did not get above the 2057 cover buy level.
But another great example of Buying the overnight bounce after a plunge.
Perhaps looking for support in the 1980-2000 area.
LT Sell signal at close 2035
No CommentsWith yesterday's failure to follow through the midpoint an S/T Sell signal is generated below 2052 and so entry at 2045. (allowing 5/6 points for a bounce).
With a close below the mid-point the L/T long signal covers and will go short tomorrow at the close unless we rally back above the mid-point.
First line of support is S1.
Although the 8/21 short alert confirmation is not yet in place, it seems likely to happen today or tomorrow but keep an eye on this for confirmation of a short signal.
No CommentsAn interesting recovery from 2035 yesterday and didn't close below the short level of 2052. Lets see if the bears mean business today.
No CommentsA close below 2052 will indicate a short position and possible move down to support at say S1 or lower.
Lets see what Santa brings to town.
No CommentsOSC Sell signal at the close on Friday at 2075 indicating that momentum has dropped significantly and that we might expect either a drop or a period of sideways trading. Selling credit spreads above the highs or buying cheap out of the money puts makes good sense.
No CommentsHeld above 2061 today, but the 5,35 oscillator will most likely make an OSC Sell signal tomorrow unless we get a big upday.
The T volume oscillator also dropped back below zero – another sell warning.
No CommentsOK, first succssful test of the move.
T volume oscillator turns back up above zero.
Watch to see if the main oscillator makes a sell signal tomorrow or friday.
No CommentsNice bounce and very nearly a S/T Buy Signal – needed to close above 2068 to confirm. Perhaps tomorrow.
Oscillators are still showing warning signs.
No CommentsInteresting developments.
Covering the S/T long positions with a move thru 2060
T volume oscillator turns negative – an early warning signal that can be used to position for a down-move and sometimes preceeds the 5-35 oscillator signal.
Potentially the kiss goodbye of the upward sloping resistance S2.
Watchout for a reattempt at the high and failure.
No CommentsWondering if this T structure is following a simple price structure centred around the needle point price-low, starting to look like it may fit better. find out soon.
No Comments