Trading the Line

Lomman

Selling from the open and a decline into 3590 before some strong buying back to 3630.

Sell Signal continues.

Sign up here for daily analysis with the updated Buy / Sell trigger levels being generated by the Trading the Line S/T System before the market opens. Trading the Line Membership – includes Explanatory Notes (pdf), Notes on Day Trading (pdf) and End of Day Snapshot of Day Trading Entries.

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 October 11, 2022No Comments

FREE REPORTS S&P500 daily update

Karbala

All numbers refer to SPX

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A quick Buy Signal with the early October bounce from 3585 is met with warnings of over-exuberance and subsequently fails with a rapid decline back towards the low, triggering another Sell Signal below 3711.

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Bearish and dangerous conditions continue with a new T structure collapsing as the market looks desperately for support at or near the previous low.

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The T volume oscillator ¹ is again collapsing with price looking for support and continuing to indicate a distinct lack of buying power since the mid August high.

The market is looking for the next low from which to stage its next advance. This may be in the process of happening with the important 3600 area being challenged and tested. We should continue to expect rapid movement in either direction and selling into strength as the market looks to stabilize whilst making a decision on future longer term direction.

We are looking for price to move up (and hold) above the previous price high and preferably close at or near the high of the day, and for the T volume oscillator to move upwards through the declining cash build up line ² line to indicate the prescence of a new T structure.

¹ The T volume oscillator is an indication of Buying Power within the market as a whole
² The cash build-up line is a declining line drawn above a series of lower highs made in the oscillator.

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The weekly chart shows last week's collapse back towards the low of the previous week. Bearish action continues with the market attempting to place and hold a low at the breakout area of November 2020. Failure here would suggest a re-test of the September / October 2020 lows in the 3209-96 area.

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The monthly chart show the ongoing collapse of the Mega T structure (and its extension higher into late 2021) as price comes to terms with the over-exuburance of 2020 and 2021 and attempts to find support. The continued decline suggests further weakness for now and we should therefore expect ongoing volatility within the context of a long term bearish market.

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2022 continues with price dropping sharply from the top of a range that has become increasingly expansive since the move above 2500. With price again below the extremely volatile range from 4100-4600 we can only assume that this expansive price action will continue – in both directions – and that the important 2020 highs around 3385 and 3500 may still become the target. This is a Brave New World and we should trade accordingly.

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Regardless of whether the market can move higher or whether significant lows are ahead of us, the simplicity of the proprietary price based S/T Signalling System will continue to keep us on the correct side of the market, currently indicating a Sell Signal since 06 October below 3711.

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If you would like to learn more about the S/T Signalling System , and using T Theory in your trading, please get in touch.

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Steve Rushton October 10, 2022No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal below 3711

A large gap lower overnight with strong selling pre-market and into the open, triggering a Cover & Sell Signal below 3711 at 3694.

Sell Signal active.

…

Steve Rushton October 7, 2022No Comments

S&P500 daily update

Modon

An early look higher is met with strong selling into 3750 in a choppy session.

Buy Signal continues.

Steve Rushton October 7, 2022No Comments

S&P500 daily update

Euridice

Some strong selling into a low at 3723 before pushing strongly back higher into 3806, dropping sharply back into the close.

Buy Signal continues but with warnings.

Steve Rushton October 6, 2022No Comments

S&P500 daily update

Zamora

Very strong buying from the open with a push up into 3788, dropping back into 3756 before finding renewed strength into the close.

Buy Signal continues

Steve Rushton October 5, 2022No Comments

S&P500 daily update

Francis

Strong buying from the open, triggering a Cover Signal at 3644 and an S/T Buy Signal at 3664, pushing higher into 3698 before taking profit into the close.

An S/T Buy Signal at 3664

Steve Rushton October 4, 2022No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 3664

Strong buying from the open, triggering a Cover Signal at 3644 and an S/T Buy Signal at 3664, pushing higher into 3698 before taking profit into the close.

An S/T Buy Signal at 3664

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Steve Rushton October 3, 2022No Comments

S&P500 daily update

Flute

No follow through. Overnight selling and market gapping down below the Sell Signal line at the open, triggering a Sell Signal at 3672, continuing lower into 3622 and a second low at 3610

An S/T Sell Signal below 3688 at 3672.

Steve Rushton September 29, 2022No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal below 3688

No follow through. Overnight selling and market gapping down below the Sell Signal line at the open, triggering a Sell Signal at 3672, continuing lower into 3622 and a second low at 3610

An S/T Sell Signal below 3688 at 3672

…

Steve Rushton September 29, 2022No 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 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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The mind is the spirit’s tear.
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