Trading the Line

Didnt quite hit the Sell button on monday but arguably pretty close.
and failure of the T volume oscilaltor at the zero line.
Negative futures so looking like it may be confirmed today.

To be pragmatic and because I cant be at my desk for several days, staying out of the way.

Just sitting above the sell level, and looking like we really need to find another significant low before moving higher. Still really need the catalyst either way to stop the boring drift.

Not much going on here, weak Sell signals but waiting for a catalyst.

Another good bounce after a 20-25 pt sell off.

Not quite triggering a S/T Buy signal but arguably very close.
And a weak OSC Sell signal suggesting that selling credit into strength above here.

Yesterday's selloff managed to hold off above 2100, but very close to triggerering a short position.
20-25 point drops usually provide good overnight trade buying opportunity and yesterday is no exception.

Watch the Buy level at 2123 to see if the Sell signals are cancelled.
We also need a strong up day today to prevent an OSC Sell signal albeit a weak one.

Not much to note except that the T volume oscillator dropped back below 0 – a potential warning
No real reason to think that the market is about to roll over but optimism has been high.
Probably just a breather before pushing upwards, plenty of energy available.

Not much to report as we go into the holiday weekend.

OSC and T vol oscillator both positive.

S&P at all time highs.

I guess the Fed didn't give enough fuel so the only thing to do was sell it back again.