S&P500 signal - Trading the Line

S&P500 intraday update S&P500 signal

S/T BUY Signal at 2638

An S/T BUY Signal at 2638 and a great move up to find resistance at 2660

Happy Easter everyone.

Steve Rushton March 29, 2018No Comments

S&P500 daily update S&P500 signal

Medellin

A short-lived Buy Signal at 2667 takes a look-see at 2675 and is rejected.

Failure of the Buy Signal re-activates the Sell Signal below the cover level of 2653 and certainly below 2643 as the market moves lower again.

Another 2% drop in 2 hours.

Still looking for stabilisation and a low to be confirmed by the oscillators.

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

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

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 March 28, 2018No Comments

S&P500 daily update S&P500 signal

Another kind of strange

Every card he drew
Had a different face
Lingering and lost
Unholy holy ghosts
I tend to play them all
He spoke with confidence
Another kind of strange
To shift in loneliness

Patti Smith, Nine, 2012

–

A weak start to the week and the market triggers an S/T Sell Signal in early trade at 2729.

Straight down into 2700.

Some buying interest at 2695 on a second bounce at a level below the amber channel helps to turn the market around in the afternoon.

Covered at 2710 on expectation of some relief to the strong selling but the Sell Signal is still active.

An Osc Sell Signal imminent.

And a pulse high today.

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

Steve Rushton March 20, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal below 2729

Another weak opening finds the market taking a look see near the Sell Signal line at 2729 in early trade.

This should've be an area of strong support and so a bounce and/ or some kind of recovery would have made sense.

Not much of a bounce within first hour or so.

S/T SELL Signal in play at 2729, stop at 2740

Steve Rushton March 19, 2018No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2754

The market continued lower again today and triggered a Cover Signal at 2754.

Although the market bounced about in the 2740 to 2760 area this afternoon – and looked as though it may recover – the close below 2754 is a Cover Signal.

We will await the next signal.

Steve Rushton March 14, 2018No Comments

S&P500 daily update S&P500 signal

Colette

Initial weakness is bought strongly and the market moves rapidly higher through the Buy Signal line at 2713.

The strong move up is supported by the T volume oscillator which moves up to the zero level.

A positive development but further strength is still required to fully re-activate the cash-build up from December and release the market to the upside.

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

Steve Rushton March 6, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 2713

A strong move up through the Buy Signal level and held into the close.

Steve Rushton March 5, 2018No Comments

S&P500 daily update S&P500 signal

Losing Ground

Losing ground
Under my feet
There's a low rumbling
There's a crack in the street
It's just no good
It's just no good anymore
Everything I do
Has been done before

Yeah I found my voice
Yeah I got nothing to say
The whole thing started
Cause my mind has gone away
I used to get high
Now I just get lost
I used to bark at the moon
The first one I came across

PJ Harvey, Losing Ground, 1996

–

Initial weakness triggers a Sell signal at 2705 but this is quickly bought with a surge to 2730.

The selling resumes and another Sell Signal is triggered at 2705 in early afternoon trade with the market dropping quickly to find buyers at 2660 and a slight recovery into the close.

Sell Signal still active but suggest to take profits yesterday and re-assess this morning. Look for selling into bounces to continue if the market is going lower.

With weakness below the important pivot we are now looking for another low and a new structure to form in due course. Watch for divergence.

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

Steve Rushton March 2, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL at 2705

A false start this morning with an S/T Sell Signal at 2705 which bounced rapidly and surged to 2729.

From that point the market worked its way lower and finally broke 2705 in early afternoon trade.

Steve Rushton March 1, 2018No Comments

S&P500 daily update S&P500 signal

Yoke

Brothers be ye constant.
The yoke which with single mind ye have taken, bear ye to the end;
and whatsoever ye have seen with me and heard, keep and fulfil.

Saint David, † 589

–

The market continues to sell into any strength and continues lower into the close with a Cover Signal triggered at 2734.

The T volume oscillator drops again significantly in-line with the selling and this now establishes 26 February as an important high, putting the new T under increased pressure and it may now be collapsing or complete. This now identifies 24 January as an important beginning of the decline from the all time high.

This of course now places the market back at what was important support for another test of strength.

IF the selling continues we will be looking for another low to combine with the previous one and form another T structure in due course.

IF the market recovers rapidly, we have additional projections for highs in early and late March.

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

Steve Rushton March 1, 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 active below 7462 st 7440 on 17 July

COVER Signal below 7522 at 7440 on 17 July

S/T BUY Signal at 7398 on 29 June

S/T SELL Signal active below 7344 on 26 June

COVER Short Signal above 7361 on 25 June

S/T SELL Signal below 7422 on 23 June

COVER Signal below 7452 at 7365 on 23 June

S/T BUY Signal at 7500 on 18 June

COVER Short Signal at 7500 on 18 June

S/T SELL Signal at 7424 on 17 June

COVER Signal at 7454 on 17 June

S/T BUY Signal at 7404 on 11 June

COVER Short Signal at 7337 on 10 June

S/T SELL Signal at 7462 on 05 June

COVER Signal at 7553 on 05 June

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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“In the end, I’m not interested in that which I fully understand. The words I have written over the years are just a veneer. There are truths that lie beneath the surface of the words... truths that rise up without warning, like the humps of a sea monster and then disappear. What performance and song is to me is finding a way to tempt the monster to the surface, to create a space, where the creature can break through what is real and what is known to us. This shimmering space where imagination and reality intersect... this is where all love and tears and joy exist. This is the place. This is where we live.”
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“If you're going to try, go all the way. Otherwise, don't even start. This could mean losing girlfriends, wives, relatives and maybe even your mind. It could mean not eating for three or four days. It could mean freezing on a park bench. It could mean jail. It could mean derision. It could mean mockery--isolation. Isolation is the gift. All the others are a test of your endurance, of how much you really want to do it. And, you'll do it, despite rejection and the worst odds. And it will be better than anything else you can imagine. If you're going to try, go all the way. There is no other feeling like that. You will be alone with the gods, and the nights will flame with fire. You will ride life straight to perfect laughter. It's the only good fight there is.”
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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.
The wave that defines the coast.
It’s what the drunk grave robbers couldn’t stuff in their sacks.
The mind is the sum of all and more.
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The parking lot at the Mall of Fears.
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The mind is neither either nor or.
The real center of an empty sphere.”
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