A navigation system for trading the S&P500 index
Starting to look like a W shaped bottoming pattern.
Cover short and initiate a S/T Buy Signal at the close at 2101.
No CommentsDrop out of the gate gives little opportunity to sell. Wait and watch to see if a recovery occurs.
Go short at the close 2084
No CommentsAnother ugly reversal and a squeeze building. Watch the bollingers for direction.
No CommentsCertainly a whiplash, cancelling the Sell Signal and back to a Buy Signal.
May madness perhaps.
No CommentsWith the repeated challenge of 2090 today, cover S/T long and Sell short at 2088
No CommentsShort Term Buy Signal at 2099. Back on.
No CommentsCover long positions at 2081. Looks like a bounce at the mid-channel 2075.
No CommentsCover short at 2073 and Buy Signal at the close at 2080.
Stillin this choppy triangle so prepare for anything.
No CommentsWhipsaw – Probably should have anticipated that one – end of T structure etc. (April Fools !)
No CommentsWith the move above 2084 in early trade yesterday, a cover of the short position would be pragmatic.
S/T BUY Signal at the close at 2087
The caveat is that with the current congestion and the lack of a T structure, this may be the end-game of the January T structure in which case we may only get a few days of upside.
The market is coiling and the result will likely be a large move +/- 100 points.
No Comments