S&P500 signal

Tuesday's buy signal which was only by one point (!) cancelled out, covered and a sell signal generated simultaneously at 2060.

Note we are now below the 200 day ma. A short term bounce would be likely, but it does 'look' like we are heading for a test of 2020 support zone indicated by Get.

A strong turn-around day with a long tail from 2044, looks like we did test sunday nights low, and closes above the Buy signal level.

lack of recovery after the initial bounce and continued selling triggers a sell signal at 2075 or lower.

An overnight trade makes sense after such heavy selling.

We are now looking for a new low and a fresh T structure.

Cover at yesterdays close of 2108

Starting to look like a W shaped bottoming pattern.

Cover short and initiate a S/T Buy Signal at the close at 2101.

Drop out of the gate gives little opportunity to sell. Wait and watch to see if a recovery occurs.
Go short at the close 2084

Another ugly reversal and a squeeze building. Watch the bollingers for direction.

Certainly a whiplash, cancelling the Sell Signal and back to a Buy Signal.
May madness perhaps.