yep and thanks for posting that! I receive emails now and then
from folks saying: how can I trade the ES systems signals, I don't
trade trade futures. I always tell them, you don't have to, just
substitute ETF's in place
$VIX - Chart Link- 60 min, as you know nice
rally yesterday off that support and MACD divergence. Note: there's
an open gap above that is likely a target, those gaps are generally
filled on the VIX
$VIX - Chart Link- daily, I called this last
year, I said watch for a bounce in the VIX given how strongly the
down slope of the lower BB's was, was unsustainable
$SPX - Chart Link- at the lows there was a
divergence with the HYG having a higher low that marked the low.
Now you have the reverse where HYG is lagging relative to SPX
So I guess on Friday the ES breakout system went long - the
problem with TS being a Friday it didn't show up until I rebooted
on weekend
Currently price is basically at the same price it went long
I'm not super in love with it here, if a deeper 4th wave
pullback occurs it may take some heat or get stopped out (remember
the breakout uses Stops. But is what it is and that's the thing
about systems, you can second guess every trade, so I'll go ahead
and issue it
The breakout can have a maximum only of 2 entries before it
stops out
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yep and thanks for posting
SPY and ES mean reversion systems
Posted by matt on 14th of May 2024 at 06:45 pm
yep and thanks for posting that! I receive emails now and then from folks saying: how can I trade the ES systems signals, I don't trade trade futures. I always tell them, you don't have to, just substitute ETF's in place
STS tables updated, emails going out now
Posted by matt on 14th of May 2024 at 04:15 pm
https://breakpointtrades.com/sts_table/?search=BPT_basket
on the open MES breakout
SPY and ES mean reversion systems
Posted by matt on 14th of May 2024 at 04:07 pm
on the open MES breakout system trade, the stop currently is 5180
AVGO follow up
Posted by matt on 14th of May 2024 at 03:57 pm
AVGO - Chart Link-
VIX comments
Posted by matt on 14th of May 2024 at 09:39 am
$VIX - Chart Link- 60 min, as you know nice rally yesterday off that support and MACD divergence. Note: there's an open gap above that is likely a target, those gaps are generally filled on the VIX
$VIX - Chart Link- daily, I called this last year, I said watch for a bounce in the VIX given how strongly the down slope of the lower BB's was, was unsustainable
XOM ex dividend today
Posted by matt on 14th of May 2024 at 09:37 am
XOM - Chart Link-
JETS following through
Posted by matt on 14th of May 2024 at 09:31 am
JETS - Chart Link-
Monday May 13th Newsletter and Video
Posted by matt on 13th of May 2024 at 09:40 pm
Youtube Video Monday May 13th, 2024 - watch in full 1080 resolution on tablet or desktop NOT your phone
PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!
Newsletter Monday May 13th standard Webpage Format - contains all the dynamic chart links
LU coiling
Posted by matt on 13th of May 2024 at 07:58 pm
LU - Chart Link-
HYG vs SPX 60 min
Posted by matt on 13th of May 2024 at 07:58 pm
$SPX - Chart Link- at the lows there was a divergence with the HYG having a higher low that marked the low. Now you have the reverse where HYG is lagging relative to SPX
SPY and ES mean reversion systems
Posted by matt on 13th of May 2024 at 03:15 pm
So I guess on Friday the ES breakout system went long - the problem with TS being a Friday it didn't show up until I rebooted on weekend
Currently price is basically at the same price it went long
I'm not super in love with it here, if a deeper 4th wave pullback occurs it may take some heat or get stopped out (remember the breakout uses Stops. But is what it is and that's the thing about systems, you can second guess every trade, so I'll go ahead and issue it
The breakout can have a maximum only of 2 entries before it stops out
god taking candle from a
GME +8
Posted by matt on 13th of May 2024 at 02:59 pm
god taking candle from a baby all day long with AMC
XLI logical pullback from that double top area
Posted by matt on 13th of May 2024 at 02:43 pm
XLI - Chart Link
GME +8
Posted by matt on 13th of May 2024 at 02:39 pm
geez this stupid AMD, I've
GME +8
Posted by matt on 13th of May 2024 at 02:36 pm
geez this stupid AMD, I've traded it all day long, just buying every little abc pullback, nutty
even on that 2 min Heiken Ashi chart you could have just bought every time the heiken ashi bar turned green
DBA bear flag playing out
Posted by matt on 13th of May 2024 at 11:20 am
DBA - Chart Link- mentioned last week that bounce would likely fail and had a bear flag look
XOM - ex dividend is tomorrow
Posted by matt on 13th of May 2024 at 11:12 am
XOM - Chart Link- ex dividend is tomorrow so holders on record for tomorrow receive the dividend
technically price logically stalled around that trendline
been playing AMC all morning
GME +8
Posted by matt on 13th of May 2024 at 11:07 am
been playing AMC all morning with 'Kitty' LOL
bringing out Mortimer for SBUX again
SBUX tagged 9 EMA take some damn profits
Posted by matt on 13th of May 2024 at 10:44 am
bringing out Mortimer for SBUX
again doesn't mean you have to sell it all if you think you have a good bottom in place, but good idea to tight stops up or lock in some gains
SBUX tagged 9 EMA take some damn profits
Posted by matt on 13th of May 2024 at 10:42 am
SBUX - Chart Link- on these CCI bungie setups, the 9 EMA is your main target so take some profits there.