nevermind, I found stats for the ES RSI 40 system in an earlier email from 12/30/2022.

Matt, for option holders, what is the average time a trade is held for? Thanks in advance!

amcap, I appreciate your sharing your visions here. Despite today's strong bounce, the path of least resistance is still down until and unless the trend lines are taken out to the upside for a buy signal. That is, a break in symmetry is required.

I have sold the open. I will buy a drop. I see RSI(5) divergence on 4-hour charts to the upside. 3850 is my target for the bounce on /ES.

Shorting bounces is still the game for today.

There is a major Fib level about 35 SPX points lower, and a weekly 200MA. I  would like to see a test of that level tomorrow with a reversal to the upside.

I closed my first entry on SPY last week near resistance and yesterday on weakness for a small loss. I took a full position today at the close.

Edit: a recent pattern has been a pop into the open and selloff into the close. An easy day trade is to sell that pop and buy lower intraday to cover.

DigiNomad, your analysis is based on domestic money flows. If you consider international money flows-- as evidenced by the Dow being the strongest index -- a recovery will be swifter than many years. Watching the strength of the USD will provide a clue.

The USD is expected to start strengthening in January reversing its current trend.