Trading the Line

Walburga

The end of April and the beginning of the summer months.

The open gap up is not held and the market looks back at 2659 for support. Consolidation at the highs and finding some resistance here.

Market in equivalence holding above support lines but just below an important major pivot level.

Still in a holding pattern and a move up from here would release a significant amount of energy. A move downwards from here would again re-focus the market on the recent lows and the possibility of a deeper low.

What happens next will be important.

Be prepared for whatever is coming next, and trade with confidence:

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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 April 29, 2018No Comments

S&P500 daily update

Liberalis

A strong bounce underway, with a gap and go day, pushing up through the Buy Signal level at 2662 and making a high on the day at 2676.

A dead cat bounce perhaps, and some residual projections for highs from the recent structures, the possibility of a small T centred on Tuesday's sell off, adn some end of month re-balancing.

Strength above 2680 would focus the market on challenging the recent high and weakness below 2640 would suggest more work to do below.

For now, a Buy Signal is active.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 27, 2018No Comments

S&P500 signal

S/T BUY Signal at 2662

A very strong day with a slight pullback at the close, that suggests that the recent T structures are still active, and brings the recent highs of 2683 and 2717 back into focus.

Steve Rushton April 27, 2018No Comments

S&P500 daily update

Object Shelter

An early flush to 2612 is bought back up and the market continues to stabilise throughout the day.

Sell Signal still active below the current price, but with the 2 spikes down the market appears to be holding up above 2635, for now.

Although weakened by Wednesday's heavy selling there is the possibility of some residual projections for highs towards the end of the month, perhaps a dead cat bounce prior to a more significant move down.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 26, 2018No Comments

S&P500 daily update S&P500 signal

Elbe

Overnight the market rises towards the Buy signal line and opens at the important 2680 level. Failure at this level and then subsequently also at 2660, initiates a sell sequence that ultimately finds the market 60 points lower, before a short-covering rally into the close.

An S/T Sell Signal is triggered at 2644, and a cover recommended at the or prior to the close as it is likely that the market will attempt to recover from the selling.

Yesterday's move down displays similarities with 02 February and 19 March with the market penetrating the Mid-channel in a decisive manner after a sequence which looks a bit like a megaphone – range expansion and dropping away.

On those 2 occasions we saw a bit of a bounce followed by a much deeper and significant low, presumably as the market resolves the problem that it is having with the current price level, and of course providing those with deep pockets the opportunity to buy at bargain prices.

And so, I suspect that we shall see some kind of bounce or recovery that those who didn't sell yesterday will sell into. Failure of that will trigger further selling, and then maybe we will see another move down to the lower extreme and to the pivot level at 2538.

The last few days selling comes at the recent projections for highs from the recent T structure and DB structure and the size of yesterday's move suggests that those structures are now complete and we should therefore look for a new structure to emerge.

Some strong target support lies in the 2510-2530 level and also in the 2530-2460 level, where the market may need to establish a deep low to form the next new large T structure.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 25, 2018No Comments

S&P500 signal

S/T SELL Signal at 2644

This morning's gap up into the 2680 area found little interest as traders sold into the gap.

Some interest in the 2670 area gave way to more selling and triggered an S/T SELL Signal at 2644

On Sell Signals such as this one I recommend covering at or prior to the close.

Cover temporarily at 2634

Steve Rushton April 24, 2018No Comments

S&P500 daily update

Franck-Hertz

A re-test of the important 2683 level is rejected but the market finds some support at the previous low at 2660.

Market still very much responding to the declining angles, selling into strength, but looking for value at lower prices.

The Mid channel starts to turn up, and this could provide some support in the days to come.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 24, 2018No Comments

S&P500 intraday update

George and the Dragon

I will not cease from Mental Fight,
Nor shall my Sword sleep in my hand:
Till we have built Jerusalem,
In Englands green and pleasant Land.

William Blake, Jerusalem, 1804

–

On Thursday the market showed support at 2380 and on Friday it gave way, triggering a 'Cover' signal as the market looks lower and there is more work to be done.

Strong penetration of this level (the 55 ema) again is a reminder of the previous weaknesses that led to the recent lows – on 05 February, 01 March and 19 March – and certainly brings with it the possibility of another deep(er) low ahead perhaps another re-test of the important 2530s support level, perhaps somewhat lower in due course.

A rapid recovery would signal a different series of events and perhaps another attempt at 2750+.

Lines in the sand…

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 22, 2018No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 2681

Market triggered a Cover Signal at 2681, dropped hard into the 2660s with a short covering rally into the close for good measure.

We shall await the next signal.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 20, 2018No Comments

S&P500 daily update

April expiration

A weak open and selling down into last week's gap and a bounce at 2682.

A re-test of the rising trend or the beginning of another leg down?

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton April 20, 2018No 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 BUY Signal at 7413 on 30 July

...

S/T SELL Signal active below 7462 st 7440 on 26 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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“In the end, I’m not interested in that which I fully understand. The words I have written over the years are just a veneer. There are truths that lie beneath the surface of the words... truths that rise up without warning, like the humps of a sea monster and then disappear. What performance and song is to me is finding a way to tempt the monster to the surface, to create a space, where the creature can break through what is real and what is known to us. This shimmering space where imagination and reality intersect... this is where all love and tears and joy exist. This is the place. This is where we live.”
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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.
The mind is a stone door.
The silver on the backs of mirrors.
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