With the turmoil in the world impacting the markets, we can expect some big moves and surprises. Despite a projection of a sell-off, we saw price rise considerably today. On days like this, you may find the Atlas Line to be especially useful. Right away, you’ll likely notice a Long signal followed by many Pullback (P) and Strength (S) signals as price climbed higher and higher. There were multiple winning opportunities.
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The Atlas Line provides an indication of price is expected to stay the course long-term, that is, continue in a specific direction. If price is above the line, the rule is to only look for buying (long) opportunities. The opposite is true when price is below the line. Those of you who use other systems may find the Atlas Line useful to confirm or filter those systems.
The market that you’re seeing is the MES, the Micro E-mini S&P 500. A “main” Atlas Line short signal has just appeared, but the real-time focus is the Pullback short signal occurring soon after. The current price action “allows” for a three-point (12 tick) profit target. Within a relatively short period of time, the projected profit target was reached; a winning trade. So, hopefully you can get a sense of just how many signals there were today,
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