The purpose of this site is to share results of a trading system that I use for identifying both long-term and short-term trading opportunities. I take the time to do this because of my passion for investing and helping others succeed. The system helped me avoid the "Crash of 2007/2008" and every major correction since then. The cornerstone of my trading system are analyses of market liquidity to gauge longer-term market sentiment and equity and index options (put/call ratios) to identify short-term entry and exits.

This site is for information purposes only. Past performance of the trading system is not a guarantee of its future success. Please consider consulting a qualified investment adviser before making investment decisions.



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Tuesday, October 23, 2018

Short-term bottom might be forming

As I mentioned in my last post, I would be looking to add to my positions if the S&P 500 formed a weekly (positive) RSI divergence.  One of the two requirements for this divergence was met today with a low below 2710.51 (specifically 2691.43).  With this low in place, the market would need to close at or above 2766.70 on Friday to form the positive divergence.  If the market looks like it will satisfy this final criteria going into the close on Friday, it could represent a good buying opportunity.