S&P500 signal - Trading the Line

S/T Buy Signal above 2450

Market pushing towards the Buy Signal level of 2450 in early trade after what seems to be a successful re-test of the 55 ema from above.

If the market can hold up and close above 2450 this would be S/T Buy Signal.
We also have the possibility of a short-term peak here as projected by the small T.

Steve Rushton August 30, 2017No Comments

S&P500 daily update S&P500 signal

First Lightning

Market closed yesterday still in Neutral / slightly Bearish Mode waiting for direction.
No strength to follow through on overnight gains, but holding onto the important 55 ema for now.

The momentum oscillator looks to be making a Buy Signal.
The T volume oscillator back just below zero – failure here is a Sell Signal.

—

On the anniversary of the soviets first atomic bomb test – First Lightning – the North Koreans fire a missile over Japanese air space. Futures are subsequently trading below the Sell Signal line but bounced from initial lows in the region of 2420. Early morning reaction and political rhetoric will likely set the stage for the day.

Be prepared for whatever comes next:

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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 August 29, 2017No Comments

S&P500 daily update S&P500 signal

Libération

No follow through. Cover signal triggered at 2440, but not quite a sell signal.

Be prepared for whatever comes next:

Steve Rushton August 25, 2017No Comments

S&P500 daily update S&P500 signal

S/T Buy Signal at 2444

The market is in fine form again today and back at the important 55 ema at 2444.

As you know this is an important level and failure here would be continuation Sell Signal.

A close above 2444 is an S/T Buy Signal, with an expectation of an attempt on the descending resistance of the declining channel.

Steve Rushton August 22, 2017No Comments

S&P500 intraday update S&P500 signal

S/T Sell Signal at 2457

The Echo high provides a little fuel and confirms my suspicions that we saw a kiss good-bye of an important rising trend line yesterday.

Further failure at the 55 ema cancels the possible new T at last week's low and brings the possibility of a visit to the lower reaches of the channel as we look for a larger structure to form in the days or weeks to come.

Steve Rushton August 17, 2017No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 2462

Market playing catch-up quick in early trade.

This is potentially strong resistance, but a close above 2462 is an S/T Buy Signal.

Steve Rushton August 15, 2017No Comments

S&P500 daily update S&P500 signal

Exodus

A decisive breakdown at the echo high and penultimate arm of the most recent Large T structures suggests that these structures are now complete and we should look for a new low to form a new T structure, as the market retreats from the recent all time high.

Interestingly, this breakdown also violates the long-standing rising support line from the Election low as well as the important 55 ema, suggesting that the whole Trump rally is now complete and that we may need to see some sideways and downwards corrective action, perhaps into the Fall, before the bull resumes its search for higher prices.

Of course an oversold bounce is still quite likely, and several indicators are at readings associated with short term lows.

Watch the T volume oscillator for signs of bullish divergence with price for hints of a recovery in the days or weeks to come.

Be prepared for whatever comes next:

Steve Rushton August 11, 2017No Comments

S&P500 intraday update S&P500 signal

S/T Sell Signal at 2460

Rapid drop at the open activates a Sell Signal at 2460.

Steve Rushton August 10, 2017No Comments

S&P500 intraday update S&P500 signal

ST BUY Signal at 2437

Pre-market push higher has the market open up above the Buy Signal line.

We do have a descending resistance line at 2439-40 and so it would be good to see the market hold above this area.

Steve Rushton July 12, 2017No Comments

S&P500 intraday update S&P500 signal

Recovery above 2423

Market back on fine form today and re-gaining that important trend line.

If the market can hold onto these gains there is the potential for a small T into late July.

But plenty of descending resistance lines to negotiate first.

Failure of this level again would be another short opportunity.

Steve Rushton July 7, 2017No 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.
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