Trading Journal: May 18, 2026

Daily reversal levels as of the close on May 17, 2026

Major indexes
Name		Close	Tr	Mode	RevL (D)	MoM (D)	Days	P/L %	Action
S&P 500	^SPX	7408.49	5		7108.64	8.84 ▼	27	+9.21%	pP+
Nasdaq 100	^NDX	29125.20	5		26905.46	10.00 ▲	27	+16.88%
Russell 2000	^RUT	2793.30	5		2742.06	4.02 ▼	27	+6.91%
Gold (spot)	$XAUUSD	4545.78	134		4730.96	0.27 ▼	14	+3.01%
US Oil ETF	USO	148.23	16		134.40	1.91 ▲	88	+109.13%
iSh. 20+ Y Tr. Bond ETF	TLT	83.66	9		86.11	-5.17 ▼	50	+5.28%
Bitcoin	BTC_X	77458.65	27		76939.22	0.25 ▼	40	+7.70%

SPX is back to weak bullish mode. I think we will go for a retest of the RevL, currently at 7108, and then we have to see.
Bitcoin is already testing its RevL and at risk of giving another Sell signal soon.

Stock positions:

ORLA, an spBuy entry, has suddenly fallen back to our entry price. We can hold on a bit longer, but may have to sell later this week.

Stocks
Name		Close	Tr	Mode	RevL (D)	MoM (D)	Days	P/L %	Action	R
Alphabet Cl. C	GOOG	393.32	6		354.45	9.16 ▼	29	+31.05%	pP+	0.80▲ 38
Microchip Technology	MCHP	93.85	5		83.98	7.41 ▼	28	+30.31%		0.59▲ 12
Special entries (spBuy or dBuy)
AJG was bought on a limit Buy at $200 (May 8). ORLA was bought on a spBuy signal at $13.2 (May 1).
Arthur J. Gallagher & Co	AJG	199.95	48		207.96	-5.48 ▲	15	+6.18%		-1.12▼ 41
Orla Mining	ORLA	13.35	2		15.19	0.36 ▼	21	+19.09%		0.81▷ 74

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Bullish

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Weak bullish

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Bearish

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Mild bearish

Instructions

Quick start guide (no registration needed): ReversalLevels.pdf.

List with completed trades.

Hover or tap on an item in the "Action" column for strategic advice.
Hover or tap in the "Days" column to see details for the current position (based on "Mode").
Hover or tap in the weekly trend ("Tr") column to get the weekly reversal level.

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