Hello Everyone,
Also note: I added a new Matt's Macro Vision Long Term Swing play, I discuss in the newsletter
Otherwise on the general market, obviously like a broken record no changes, the trend continues. We favored last week's pullback as a wave 4 with another rally to a new high, and that has played out with the S&P 500 and QQQ making minor new all time highs again! That said, I can now count 5 waves up, therefore the risk here is higher for longs, whereas last Thursday you had low risk buying that pullback into support.
Additionally: The SPY KISS daily Trend system, that went long on April 9th and is still long, last week that system took a mean reversion long on Thursday, that mean reversion trade closed out today for a nice winning trade. The QQQ dis the same but the mean reversion trade did NOT yet close out, it will likely do so tomorrow - congrats if you took those trades.
have a great night!
Matt