GTBIF Updated View From Last Night

Posted by steve on 22nd of Mar 2019 at 02:40 pm

SPX 3 Minute

Posted by steve on 22nd of Mar 2019 at 02:36 pm

$SPX - Chart Link thus far we see an abc bounce

http://www.worldgovernmentbonds.com/country/united-states/

Posted by law6 on 22nd of Mar 2019 at 02:32 pm

http://www.worldgovernmentbonds.com/country/united-states/

$SPX - Chart Link- you can see how price did indeed pause at that symmetry area, otherwise small base here to monitor 

Congrats

Just sold out of PRED at $2.20 for a 98% ...

Posted by steve on 22nd of Mar 2019 at 01:56 pm

Congrats

someone put on monster  spread

Posted by law6 on 22nd of Mar 2019 at 01:38 pm

someone put on monster  spread  2885  in spx options

Just sold out of PRED

Posted by RichieD on 22nd of Mar 2019 at 01:36 pm

Just sold out of PRED at $2.20 for a 98% gain.  Thank you Steve.  Has a parabolic look on the daily chart and approaching major resistance from last September.  Hard to manage this stock as a trade since Fidelity won't allow stop loss or trailing stops on pink sheet equities.  Might re-enter down the road after a reasonable pullback.  LOL: Probably will rocket higher later today.     

Update: Update: Update: SPX 1 min intra day

SPX 1 min intra day

Posted by matt on 22nd of Mar 2019 at 01:12 pm

$SPX - Chart Link - here's the updated 1 min chart on that,

Update: Update: SPX 1 min intra day

SPX 1 min intra day

Posted by matt on 22nd of Mar 2019 at 01:07 pm

$SPX - Chart Link - notice bounce off lows 12 points, previous morning bounce also 12 points

Nice   

What a day ! Sold 90 puts on QQQ and ...

Posted by steve on 22nd of Mar 2019 at 01:06 pm

Nice   

Classic !!!

What a day ! Sold 90 puts on QQQ and ...

Posted by rogerv on 22nd of Mar 2019 at 01:05 pm

Classic !!!

SPX Daily with Pivots

Posted by steve on 22nd of Mar 2019 at 12:59 pm

$SPX - Chart Link -  SPX bouncing some on first test near 20 day MA and pivot

Update: SPX 1 min intra day

SPX 1 min intra day

Posted by matt on 22nd of Mar 2019 at 12:51 pm

$SPX - Chart Link -  3 min SPX, some MACD div on the last low

yep took money and ran

What a day ! Sold 90 puts on QQQ and ...

Posted by RP on 22nd of Mar 2019 at 12:46 pm

yep took money and ran and reshorted with puts out again still long LABD i dont look for exact bottoms etc i just take the money and run!

$NYSI -  switched to neg

Posted by roger on 22nd of Mar 2019 at 12:28 pm

$NYSI -  switched to neg divergence  few days ago

crossed down and red

I made some edits on

FAZ Updated Views

Posted by matt on 22nd of Mar 2019 at 12:22 pm

I made some edits on the text, so make sure to refresh to read the latest comments

SPX 1 min intra day

Posted by matt on 22nd of Mar 2019 at 12:20 pm

$SPX - Chart Link - here's a one min chart, the largest bounce today was about 12 points, so that's what needs to be broken in order to break intra day downtrend symmetry

Here's an image of the

FAZ Updated Views

Posted by matt on 22nd of Mar 2019 at 12:16 pm

Here's an image of the new SPY system, The system did quick shorts early on in the market rally, and one exhaustion short in late Feb. It did a long entry on the pullback into early March. It also did a breakout long trade from mid Jan to mid Feb.  

This image shows 6 charts.  This version is called SPY Highest probability, all the short sub systems are on the bottom left chart (8 of them), you can see that during the uptrend from Dec it would have taken 3 small shorts in Jan and one in late Feb, all for small profits).

9 long sub systems are on the middle upper chart. and various other sub systems are on their own, so a total of 6 charts. You can see for longs the system would have been in a breakout long from mid Jan to mid Feb, and one in March recently, two nice long trades

All the sub systems are flat, I will let everyone know when one of them goes long or short. I will sending out trades for each of the 6 charts.  There can and will be trades that overlap one another, but that's a good thing.

anyway enough of that, I wasn't going to get into that intra day, but your question prompted it.  when the system is going to do a trade I will let everyone know

That's kind of an odd

FAZ Updated Views

Posted by matt on 22nd of Mar 2019 at 12:08 pm

That's kind of an odd ball question.  

If I had the system on XLF I'm sure it would be short.  But I assume you are referring to SPY system, why would that be short knowing how the system generally works? you've been here for years and should have a good understanding of the basic works of it. The market had a strong uptrend with all the MA's pointing up so it's not just gonna short that, most of the shorting is during bounces in bear markets.  The system can do rare exhaustion shorts when the market is really overbought but those are really hard to trigger, such as say 40 consecutive closes above the 15 day MA etc, we don't have anything like that.  Yes we have a Negative Div on the daily SPX charts via the MACD, but the system is flat, which is where it should be. Except for the breakout trade, the system is generally going to look to buy pullbacks when the MA's are pointing up, not shorting.  

the SPY system is finished and so is ES - both systems are flat, and it would now take a really good pullback to get them long as I only have the highest probability systems remaining. As far as shorting, if the market forms a significant top here then they will look to short rallies.  And other short trades that could occur are the 60 Stochastic 80% reversal.  

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!