A navigation system for trading the S&P500 index
Market gapped down below the Cover Signal line and although it stabilised throughout the day it failed to recovery back above.
We will wait for the market to stabilise and make the next signal.
No CommentsOil dripping on my head
Let's go back to bed
Bring you back
Bring you back
From the dead
From the dead
Wishing you were here by me
Wishing you were here
Let's massage history
All the money's gone
All the money's gone
Funny it was never here
It was never here
Here's a song
Here's a song
To massage along
History along
Come with me
To the other side
Not everyone makes it out alive
Come with me
To the other side not everyone makes it out
Alive
– Sonic Youth, Massage the History, 2009
–
Price proves to be unsustainable above the gray channel (again).
The T volume oscillator drops significantly, showing the strength of the profit-taking yesterday and suggesting that the market does need some consolidation after such a powerful start to the year.
Watch for declining resistance at the high to confirm whether the move is complete, or not, as the averages catch up with price.
Be prepared for whatever is coming next, and trade with confidence:
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, please 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.
No CommentsFly me away on an aeroplane
High in the sky
Wanna see you again
Wanna know this time
Gonna tell you what I'm feeling
Gonna know this time
Gonna get it back, that feeling
Miles and miles of sun
Endless roads, twist on
Don't wanna live a life
In a world that's all the same
The crazy little things
That you do are magical
This crazy life
This crazy world
We're living in is
Magical
– Goldfrapp, Fly Me Away, 2005. Songwriters: Alison Elizabeth Goldfrapp / William Owen Gregory
–
Market gaps up and beyond the possible declining angle at the mid week high, and closes with yet another major high, in-line with the Large(r) T structure, as the market continues to show no signs of letting up on the parabolic move.
T volume oscillator turns back above zero.
Be prepared for whatever is coming next, and trade with confidence:
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, please 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.
No CommentsI'll be your mirror
Reflect what you are, in case you don't know
I'll be the wind, the rain and the sunset
The light on your door to show that you're home
When you think the night has seen your mind
That inside you're twisted and unkind
Let me stand to show that you are blind
Please put down your hands
Cause I see you
I find it hard to believe you don't know
The beauty that you are
But if you don't let me be your eyes
A hand in your darkness, so you won't be afraid
When you think the night has seen your mind
That inside you're twisted and unkind
Let me stand to show that you are blind
Please put down your hands
Cause I see you
I'll be your mirror
– Lou Reed, The Velvet Underground, I'll Be Your Mirror, 1966
–
Beautiful words, especially when sung by the lovely voice of Nico.
The T volume oscillator turns negative (again) indicating that there is (still) significant profit-taking occurring at the highs and puts us on alert for the possibility of some more selling given that yesterday was an echo high and a projection for some kind of a peak from the 2 main structures.
More to come still?, yes, most likely in due course, as we have seen profit-taking and traders chasing the market higher throughout this year's advance as indicated by the cash-build up line since the 18 December high in the oscillator.
Be prepared for whatever is coming next, and trade with confidence:
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, please 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.
No CommentsBut pleasures are like poppies spread,
You seize the flower, its bloom is shed;
Or like the snow falls in the river,
A moment white – then melts for ever;
Or like the borealis race,
That flit ere you can point their place;
Or like the rainbow's lovely form
Evanishing amid the storm.-
Nae man can tether time or tide;
The hour approaches Tam maun ride;
That hour, o' night's black arch the key-stane,
That dreary hour he mounts his beast in;
And sic a night he taks the road in
As ne'er poor sinner was abroad in.
– Robert Burns, Tam o'Shanter, 1790
–
Price above the extremes triggers some profit-taking, as we move into the next projection from the DB T structure and the Large(r) T structure, and an echo high.
Keep your eyes upon the wheel.
Be prepared for whatever is coming next, and trade with confidence:
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, please 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.
No CommentsThe creature in the sky
Got sucked in a hole
Now there's a hole in the sky
And the ground's not cold
And if the ground's not cold
Everything is gonna burn
We'll all take turns, I'll get mine too
This monkey's gone to Heaven
– Pixies, Monkey gone to Heaven, 1989
–
The Market continues to ratchet up the gains.
First major target of the year acheived, but is there more?
Be prepared for whatever is coming next, and trade with confidence:
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, please 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.
No CommentsYou are my angel
Come from way above to bring me love
Her eyes, she's on the dark side
Neutralize every man in sight
To love you, love you, love you
You are my angel
Come from way above
To love you, love you, love you
– Massive Attack, Angel, 1998
–
More of the same, climbing, climbing, forcing participation and bearish capitulation. The Buy signal continues…
You can only admire the strength of the trend, and the power behind this market.
Above all of the usual measures of extreme.
Interesting days.
Be prepared for whatever is coming next, and trade with confidence:
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, please 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.
No CommentsIt's either victory, or don't bother. The only thing worth doing is the impossible. Everything else is gray. You're born… as a man… with the nerves of a soldier, the apprehension of an angel, to lift a phrase, but there is no use for it. Here? Where's the use for it? You're set up to be a philosopher or a king or Shakespeare, and this is all they give you? This? Twenty- odd years of school which is all instruction in how to be ordinary… or they'll fucking kill you, they fucking will, and then it's a career, which is not the same thing as existence… I want unlimited things. I want everything. A real love. A real house. A real thing to do… every day…
– The Gambler, 2014, Dir. Rupert Wyatt
–
Strong momentum continues to push the market higher regardless of any warnings.
T volume oscillator turns positive again.
Be prepared for whatever is coming next, and trade with confidence:
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, please 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.
No CommentsTake this kiss upon the brow!
And, in parting from you now,
Thus much let me avow —
You are not wrong, who deem
That my days have been a dream;
Yet if hope has flown away
In a night, or in a day,
In a vision, or in none,
Is it therefore the less gone?
All that we see or seem
Is but a dream within a dream.
I stand amid the roar
Of a surf-tormented shore,
And I hold within my hand
Grains of the golden sand —
How few! yet how they creep
Through my fingers to the deep,
While I weep — while I weep!
O God! Can I not grasp
Them with a tighter clasp?
O God! can I not save
One from the pitiless wave?
Is all that we see or seem
But a dream within a dream?
Edgar Allan Poe, A Dream Within a Dream, 1849
–
A pause just below the high, and the T volume oscillator turns negative. Some divergences starting to show at the new high, and some signs of deceleration of the trend. Some warnings continue.
Obviously the market has room to drop quite a long way before finding any significant support and we should therefore be prepared for this eventuality. In the meantime, price continues to hold up above the Buy Signal line whilst price catches up with itself.
Be prepared for whatever is coming next, and trade with confidence:
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, please 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.
No CommentsI put a spell on you
'Cause you're mine
You better stop the things you do
I ain't lyin'
No I ain't lyin'
You know I can't stand it
You're runnin' around
You know better daddy
I can't stand it cause you put me down
Yeah, Yeah
– Nina Simone, I Put a Spell on You, 1965
–
Market refuses to consolidate or correct any further and rallies back to the all time high, and back to the top of the gray channel and above the upper extreme.
Be prepared for whatever is coming next, and trade with confidence:
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, please 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.
No Comments