A navigation system for trading the S&P500 index
With today's move down to 1870 in early trading, we have a confirmation of the expected move lower.
Of course with option expiration tomorrow we can expect a short term bounce recovery and that may give a better opportunity to go short.
No CommentsA move below 1860 today cancels out yesterday's Buy Signal. The yo-yo continues.
Short Signal now below 1857.
No CommentsAssuming that we can hold onto 1869 into this afternoon's close then we have a Buy Signal. The yo-yo-ing continues. Looks like the Fed didn't really mean to upset the market….
No CommentsWith the drop at the open and subsequent failure to rally beyond 1862, we have an intraday Sell signal.Of course we now are back at the lower range of the recent congestion.
Today's action negates the recent recovery in the oscillator, signalling the likelihood of further weakness.
No CommentsLooks like an abrupt end to the April fools rally and looking a bit messy. Hit the short term stop at 1872 thereby preventing any losses S/T. Looks like a bounce may occur at the mid line 1866.
Look for a bounce on monday, and then probably a re-test of the mid line at 1866 to see if we can generate a down move.
The bears are hungry.
No CommentsWith the move down to 1852 this morning a SELL short signal is occurring.
Lets see if its confirmed by end of day. Looks like the oscillator may be correct.
No CommentsWith the move above 1866 a Buy signal is occurring. Be prepared for a whipsaw back to the short side in the next few days. Stop and reverse position below 1851.5. The oscillator is starting to give a sell warning signal indicating weakness – I will hold the earlier L/T short position from March 12 as a hedge.
Cancelling the S/T Sell signal registers a loss of 24 points
No CommentsFlatlining most of the day around 1859 – admittedly close to today's 1860 Buy signal level – but really needs to see a strong close 1862+ to commit to the Buy signal.
1. The oscillator will most likely make a sell signal tomorrow
2. Diagonal resistance at 1872 today, 1870 tomorrow needs to be cleared
Mixed signals, understandable given the perceived risk to global markets.
No CommentsA little late in the day and will quite probably bounce tomorrow but we hit a SHORT ONLY SIGNAL with the penetration below 1843. A move back above 1867 tomorrow will reverse the signal.
No CommentsVery close to an intraday Sell signal with the move down to 1845. Watch for a bounce from line 1. Otherwise a short only signal if penetrates 1843, and if we don't recover above 1848 by the close.
No Comments