S&P500 signal - Trading the Line

The Common Raven

And the silken sad uncertain rustling of each purple curtain
Thrilled me – filled me with fantastic terrors never felt before;
So that now, to still the beating of my heart, I stood repeating,
Tis some visitor entreating entrance at my chamber door –
Some late visitor entreating entrance at my chamber door; –
This it is, and nothing more.

– Edgar Allan Poe, The Raven

BUY Signal covered at 2370, and an S/T SELL Signal at 2363:

The market pops out at the open and challenges the downward descending trend.
Nope, this common raven is selling and taking the market way down.

Admittedly we have had some warnings, pressure upon the recent Buy Signal and the recent selling into strength, as well as the historically high Skew reading.

Failure of the small T of 9 March now shows us that there is another new T structure under construction.
Keep an eye on the T volume oscillator for any signs of recovery.

And so now we are on alert for a new climax low to occur and set up the next major T structure…

Be prepared for whatever comes next:

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, 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 21, 2017No Comments

S&P500 daily update S&P500 signal

S/T Buy Signal at 2375, but…

An S/T BUY Signal triggered in early trade at 2375, but weakened by the pop and drop at the descending resistance line, followed by a Buy it back push into the close. Also characteristic chopshop behaviour that seems to occur when the market is within the mid-channel area.

A clean exit from the short term descending trend would have been more favorable to the buy signal, and the T volume oscillator requires further follow through to establish the new small possible T structure.

Be prepared: To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the 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 which explain how this system works.

Steve Rushton March 11, 2017No Comments

S&P500 intraday update S&P500 signal

Gap up into Buy Signal

Futures indicating a Gap up into the descending resistance and Buy Signal area, suggesting that the possible small T mentioned is good for a move back up towards the all-time highs.

Of course failure at the descending resistance, about 2372 would bring that back into doubt.

Steve Rushton March 10, 2017No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 2372

Market drops below the Buy Signal level and fails to recover by end of day.
We wait for the next signal.

Steve Rushton March 7, 2017No Comments

S&P500 intraday update S&P500 signal

Buying above 2292

Early morning strength seems to be confirmed so far, so we have an S/T Buy Signal at 2292 this morning.

Maybe we have a few days of strength.

Tight trailing stop and hedge accordingly.

Steve Rushton February 3, 2017No Comments

S&P500 intraday update S&P500 signal

Cover at 2083

No Sell Signal today but failure to recover back beyond 2083 is a cover Signal.
Although the market did rally into the close significant damage was done today and so we await the next signal.

Steve Rushton January 30, 2017No Comments

S&P500 daily update S&P500 signal

Way to go

S/T Buy Signal re-confirmed with move out of the chopshop and congestion of the past few days, and the rise in the T volume oscillator confirms the possibility of a small T with potential into the end of the month.

The conflict of course is the arm of the larger T structure that expired yesterday, and a cluster of scheduled highs today into Friday, and so it remains to be seen whether this has a major or minor effect – a turnaround or a choppy grind higher.

Be prepared: To receive detailed daily analysis, more clarity and explanations, larger images and the updated daily Buy / Sell trigger levels being generated by the 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 Explanatory Notes.

Steve Rushton January 25, 2017No Comments

S&P500 daily update S&P500 signal

Weak Buy Signal

Buy Signal triggered in early trade at 2274, but quickly under threat from descending resistance.
Held above important support but triangulating now, outsized move coming up soon.

There is the possibilty of some follow through into several scheduled peaks early next week, but it does seem likely that there is a significant correction coming soon.

SKEW remains elevated indicating the prescence of fear and possibility of an unexpected event, a black swan.
I suspect that this is related to comments regarding the strength of the dollar.
Keep an eye on this – it is flashing a big red warning.

Steve Rushton January 20, 2017No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 2263

Another probe into the shortside.

After the bounce off 2259, the market is looking like maybe it will recover above the buy cover signal line of 2265 again.

Echoes of late August again.

If we hold onto 2265 into the close the Buy Signal is still active, if not we cover the long signal.

—

Cover at the close of 2263

Steve Rushton January 19, 2017No Comments

S&P500 intraday update S&P500 signal

Fireworks for the New Year

Sent to my readers prior to the open:

And a very warm welcome to 2017

As mentioned, the first test would be last week's pullback to the rising Gann line at 2135 and as we can see the Futures are indicating a strong open and a successful test.

Very Short Term bullish above 2244, and an S/T Buy Signal is confirmed above 2256.

Ideally we also would like to see the T volume oscillator move above zero to activate a small T with strength into MLK.

–

And so an S/T Buy Signal at the open at 2256.
Market fizzled but held onto the Buy Signal (and above the Sell signal level) into the close

Steve Rushton January 3, 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 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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“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.
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The mind is the sum of all and more.
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