S&P500 signal - Trading the Line

Hodie

Hodie
aperuit nobis
clausa porta
quod serpens in muliere
suffocavit,
unde lucet in aurora
flos de Virgine Maria.

Today
was opened unto us
a shut-up gate.
For the serpent drew it tight,
in woman choked –
yet from it gleams within the dawn
the Virgin Mary’s flower.

Hodio apercuit nobis, Psalm antiphon for the Virgin by Hildegard of Bingen, c. 1163-1175

–

An S/T Buy Signal at 2649 as the market takes another quick look at 2615 (the 200 day moving average) and moves rapidly higher.

A move up above the recent declining resistance line and (perhaps) a sign that the market is now able to move higher.

And with a very strong upward move in the T volume oscillator, it appears that a new T structure is emerging.

Be prepared for whatever is coming next, and trade with confidence:

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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 May 6, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal at 2650

Market chopped about in early trade, threatening to sell, and then rallied into the FED announcement before dropping back through 2650 confirming a sell signal at 2650.

As usual I recommend covering short positions at the close.

Steve Rushton May 2, 2018No Comments

S&P500 signal

Cover Signal at 2656

A gap up into 2682 is unsustainable and the market breaks down into the 2650s.

A late afternoon attempt to recover is quickly sold into at the close.

We will await the next signal.

Steve Rushton April 30, 2018No Comments

S&P500 signal

S/T BUY Signal at 2662

A very strong day with a slight pullback at the close, that suggests that the recent T structures are still active, and brings the recent highs of 2683 and 2717 back into focus.

Steve Rushton April 27, 2018No Comments

S&P500 daily update S&P500 signal

Elbe

Overnight the market rises towards the Buy signal line and opens at the important 2680 level. Failure at this level and then subsequently also at 2660, initiates a sell sequence that ultimately finds the market 60 points lower, before a short-covering rally into the close.

An S/T Sell Signal is triggered at 2644, and a cover recommended at the or prior to the close as it is likely that the market will attempt to recover from the selling.

Yesterday's move down displays similarities with 02 February and 19 March with the market penetrating the Mid-channel in a decisive manner after a sequence which looks a bit like a megaphone – range expansion and dropping away.

On those 2 occasions we saw a bit of a bounce followed by a much deeper and significant low, presumably as the market resolves the problem that it is having with the current price level, and of course providing those with deep pockets the opportunity to buy at bargain prices.

And so, I suspect that we shall see some kind of bounce or recovery that those who didn't sell yesterday will sell into. Failure of that will trigger further selling, and then maybe we will see another move down to the lower extreme and to the pivot level at 2538.

The last few days selling comes at the recent projections for highs from the recent T structure and DB structure and the size of yesterday's move suggests that those structures are now complete and we should therefore look for a new structure to emerge.

Some strong target support lies in the 2510-2530 level and also in the 2530-2460 level, where the market may need to establish a deep low to form the next new large T structure.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 25, 2018No Comments

S&P500 signal

S/T SELL Signal at 2644

This morning's gap up into the 2680 area found little interest as traders sold into the gap.

Some interest in the 2670 area gave way to more selling and triggered an S/T SELL Signal at 2644

On Sell Signals such as this one I recommend covering at or prior to the close.

Cover temporarily at 2634

Steve Rushton April 24, 2018No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 2681

Market triggered a Cover Signal at 2681, dropped hard into the 2660s with a short covering rally into the close for good measure.

We shall await the next signal.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 20, 2018No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal above 2628

Market gapped up well above the Buy Signal level.

A little pullback provided entry at 2641

Steve Rushton April 10, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal above 2633

Market gapped up and moved higher this morning triggering an S/T BUY Signal above 2633

Market made a high at 2654 and selling then resumed into the close.

Weakness really developed after the failure of the bounce at 2637

COVER Signal confirmed at 2620

Steve Rushton April 9, 2018No Comments

S&P500 daily update S&P500 signal

Unto the breach

Once more unto the breach, dear friends, once more;
Or close the wall up with our English dead!
In peace there's nothing so becomes a man
As modest stillness and humility:
But when the blast of war blows in our ears,
Then imitate the action of the tiger.

William Shakespeare, Henry V, 1599

–

Another gap down, a failed attempt to rally in effect closing the gap and a Cover signal at 2631.

The market tried, in vain, to hold onto the 2631 level, but once breached – from a failed recovery attempt – found little support before 2600 activating a Sell Signal at 2621 and a return to the lows of the week.

The ping-pong within the volatile sideways / downwards channel continues, again challenging the 200 day moving average, as the market continues to sell hard into any negative news.

A relatively strong recovery into the close suggests the possibility of another recovery ahead and it is therefore pragmatic to cover at the close.

The question still remains: a double bottom, or a deeper low ahead?

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 8, 2018No 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 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.
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