Archives -> Mean Reversion RSI 40 went long on SPY on Friday!

Mean Reversion RSI 40 went long on SPY on Friday!

I didn't see this on Friday, but the RSI 40 system triggered a 1st entry long on the SPY ETF.  

Why would the system go long after an up  day? That's what this system does, it only goes long on a strong reversal candle, does not go long on a sell off low like the other systems.

Anyway it's Sunday night, I'm gonna send this out, not sure how many will see it until tomorrow.  

there's a couple options:  A couple brokers like IB or TD Amertirade allow you to buy ETFs right now at this time of the night!  Or one could take an MES contract in place.  Depending on how futures are tomorrow morning I may add the trade to the website - if futures are gapping up huge I'm not gonna bother, but if they are flat or slightly down I will add the trade on the website

the stats are decent on the system, see the second image showing the stats

Matt

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