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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

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 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.

DSL ex dividend is Wednesday

Posted by matt on 13th of May 2024 at 10:42 am

DSL - Chart Link- again with these dividend plays, generally best to buy after a deep pullback like we had last time, but otherwise technically it's at resistance

thx  morton but also just

wmt earnings 5/16

Posted by matt on 13th of May 2024 at 10:32 am

thx  morton but also just to reiterate, the earning's for trade ideas are listed right in the trade tables! good resource that many of you are not even aware of

https://breakpointtrades.com/watchlist/trade/?symbol=wmt 

VIX comments

Posted by matt on 13th of May 2024 at 10:30 am

$VIX - Chart Link- as my comments state on the charts, you need to see a bounce in the VIX in order to flatten out the slope of the lower Bollinger Bands, which at this point is impossible for price to tag and close below - needs a bounce to flatten out so that price is able to tag it in the future

$VIX - Chart Link- 60 min view, bounced finally from that divergence

well....CNBC did talk about Roaring

GME +8 

Posted by matt on 13th of May 2024 at 10:25 am

well....CNBC did talk about Roaring Kitty this morning LOL

META

Posted by matt on 13th of May 2024 at 09:49 am

META - Chart Link- backtested that broken trendline last week and rejected there

Airlines

Posted by matt on 13th of May 2024 at 09:45 am

JETS - Chart Link Airlines ETF looks decent

DAL - Chart Link Delta been on fire

GE follow up, wedge playing out

Posted by matt on 13th of May 2024 at 09:42 am

GE - Chart Link- price tagged the symmetry target and bounced off that low. Watch  symmetry though because if price goes back down and breaks symmetry, then you have an Inverse H&S that could form on a lower high bounce

YINN, BABA

Posted by matt on 13th of May 2024 at 09:39 am

YINN - Chart Link- rally continues in China

BABA - Chart Link- BABA following up, have liked the weekly for a while

VIX 60 min

Posted by matt on 13th of May 2024 at 09:34 am

$VIX - Chart Link- gapped from that divergence off the March lows

A great listen, and hilarious seeing Pelosi squirm

Posted by matt on 12th of May 2024 at 12:10 pm
Title: A great listen, and hilarious seeing Pelosi squirm

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