S&P500 signal - Trading the Line

S/T Buy Signal at 2163

Erratic market signals trouble ahead, but covered and back on a Buy Signal at 2163, expect short-term.

The erratic nature of the signalling is also 'telling' us something – and we should expect it to continue for the next few weeks. The market does not want to go down, there are significant forces at play keeping it up, but when the buying power dries up – albeit temporarily – as to be expected at the end of a major T structure, then the market will drop hard until the buyers are found at lower prices.

I think we are being warned that something unpleasant is about to occur.

Be prepared.

Steve Rushton September 30, 2016No Comments

S&P500 daily update S&P500 signal

S/T Sell Signal at 2153

Short lived Buy signal again, market selling into rallies – covered and short from 2153.

An ugly triangle starting to appear indicative of a larger squeeze probable and as we are approaching the end-game of the large Red T structure it would make sense to expect the larger move to be 'down'. (perhaps after a short-lived pop to the upside.)

I think we are being warned that something unpleasant is about to occur.

Be prepared.

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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 & 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.

Steve Rushton September 29, 2016No Comments

S&P500 daily update S&P500 signal

S/T Buy Signal at 2160

Speculative buying above 2152 and above the 55, cancelled out the Sell Signal for now.

If the market can hold above yesterday's low then we have the possibility of the small T pushing upwards into the next expected short term high – October 4-5

S/T Buy Signal at 2160 and above today.

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Steve Rushton September 28, 2016No Comments

S&P500 daily update S&P500 signal

S/T Sell Signal at 2150

Looks like the short term cycle highs expected for today came in a couple days early this time.

Failure of the bounce at 2150 indicative of the general weakness apparent in the market, and now looking for another leg down.

Back on a * Short Alert *

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Steve Rushton September 26, 2016No Comments

S&P500 daily update S&P500 signal

S/T Buy above 2147

Speculative Buying off the recent lows heads into resistance
S/T Buy signal confirmed (just) with the close above 2147 but needs strength above 2152 – the black line – to confirm the move is on.

And if the move is on, the small unconfirmed gray T with centre at 14 September points to next potential short-term high – 20 September – and if we see further strength into early October.

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Steve Rushton September 15, 2016No Comments

S&P500 intraday update S&P500 signal

S/T Sell Signal at 2140

Failure of yesterday's rally, reactivated the S/T Sell Signal at 2140.
Market looking to stabilise at the lows.

Steve Rushton September 13, 2016No Comments

S&P500 daily update S&P500 signal

S/T Sell Signal at 2160

With the gap-down below 2170 we have a Short-term Sell Signal initiated at an important cycle high.

We finally received the catalyst for the squeeze that's been building, cancelling out the previous weak bullish signal and cancelling out the potential small T structures discussed.

We are now looking for a new major low to form the next large T structure.

Initial support could be on the important pink rising Gann line at about 2109 on monday.

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Steve Rushton September 10, 2016No Comments

S&P500 daily update S&P500 signal

Short term Buy Signal at 2184

Price makes a short-term S/T Buy Signal at 2184, but upside seems relatively restricted.

Market seems to have shaken off that descending channel and the T volume oscillator turns positive confirming the prescence of the small cluster T.

The similar lows of the August 2 low and recent series of lows makes the unconfirmed possibility of a combination of the the 2 blue T structures, marked gray projecting highs for September 20.

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Steve Rushton September 7, 2016No Comments

S&P500 daily update S&P500 signal

labor of love

Pop and drop but didn't fail on the day.

Covered Short position at 2182, and potentially back on a Buy Signal with the recovery into the close above 2178.
Just wanted to see a bit more above the descending channel to confirm.

Not completely convincing due to underkiss of rising Gann line at 2084, but a possible small cluster T structure pointing to cycle high on the 8-9 September.

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Steve Rushton September 3, 2016No Comments

S&P500 daily update S&P500 signal

Short into September

Yesterday's action produced a cover and short Signal at 2165, as it broke down through the important rising Gann line from the June 27 low. This line will probably become a resistance line for future moves up.

The lower bollinger held the day, and we saw a sort of recovery trying to cling onto the 2171 level.

Starting to build a downward sloping resistance line above the recent highs, so a break above those will change the picture somewhat.

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Steve Rushton September 1, 2016No 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.
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