d54dc8da-3c3b-4940-81d7-d9ecdace66f5.jpg
f25ffdd3-31ce-4a1d-973d-3a4a7ea31d67.jpg

I posted this on the Trading Community earlier and figured it was important enough to also email it out.

FYI the daily SPX KISS trend is going back long today! Surprised? this is a rare entry, it's the one component of the KISS Trend system that has a reversion to mean 'washout' component to it, it triggers on deep washouts and on a reversal candle like we have today. So it's kind of a mix of reversion to mean and trend because it needs a reversal candle up along with some indicators moving up, instead of buying at lows like the reversion to mean. 

I've attached images of when this triggered in the past: Today so far, Mar 24th 2020, Dec 26th 2018, Mar 10th 2009, 2002. All were major lows EXCEPT for the 2002 trigger, which was then stopped out at the DVT.

DVT stop is at the low. Again depends on what the market does: if this is only a 4th wave, then this may end up being a wash, but if the low is something more concrete then maybe it catches a larger trade - who knows

Matt

Providing high quality market analysis with an emphasis on technicals education since 2003.

3309 Drysdale Court
Edwardsville, Illinois 62025
support@breakpointtrades.com
HOME ABOUT ENROLL CONTACT