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follow up - nice hard sell off and now nice hard bounce off that low - question is this a wave B forms lower high etc

however I expected the bounce off those washout intra day lows to be fairly strong - for example using the MA ribbons/BPT MA Deluxe and BB example on a 5 min

price you see that BPT MA so far from the ribbons, typically your bounce won't just be some small bear flag- but more of a larger retracement - you can see how the BPT MA was also outside the Bollinger Bands there at the low

one trigger for a long on that is either off a candle or when the BPT MA goes green

BPT MA Deluxe on the Ribbons - with Bollinger Bands

Posted by matt on 22nd of Oct 2021 at 12:38 pm

As you know for a long time many years, we've shown the MA ribbons on Stockcharts - which are useful for nothing when they are pinching or getting too wide, or when they flip from a bullish to bearish configuration or vice versa.

On Tradestation since we have the BPT MA Deluxe - we place that on the MA ribbons to give it an even more striking visual effect for the last 1.5 years

In Tradestation we watch the BPT MA and how it stretches away from the 4 MA Ribbon - in stockcharts - we only have the ribbon itself

that said - while you can see when the BPT MA Deluxe gets to far away from the MA ribbon, it's also subjective - difficult to quantify it.

I was playing around and placed Bollinger Bands on the BPT MA Deluxe with ribbons and this appears visually to give nice signals - most of the times when you see the BPT MA Deluxe get too stretched away from the MA Ribbon - the BPT MA will also go outside of the Bollinger Bands - thus giving more of an objective signal, here's a couple examples

Cycles and Demark

Posted by matt on 22nd of Oct 2021 at 11:58 am

had a sell cycle on the daily - and Demark 13 on the 1/2 day then Armature buying

High Yield corporate

Posted by matt on 22nd of Oct 2021 at 11:43 am

JNK - Chart Link- to me this has been my concern

$SPX - Chart Link- and compares it to the SPX

the two generally are highly highly correlated to one another - that big divergence is concerning 

DIS follow up

Posted by matt on 22nd of Oct 2021 at 11:30 am

DIS - Chart Link- trying this time

DIS - Chart Link-

SPX 60 min

Posted by matt on 22nd of Oct 2021 at 11:24 am

$SPX - Chart Link- see chart

DWAC briefly hit 172 after

PHUN 19 

Posted by matt on 22nd of Oct 2021 at 10:21 am

DWAC briefly hit 172 after it reopened - then fall the 122 and got halted again

yep - it's fighting with all its might to hold that

130 dang

when do you every see a 13 bagger in basically a trading day

LOL yeah pretty much I guess, DWAC in the 90's, gonna tag 100 I guess, crazy is till have a few shares from yesterday that I bought late in day at 44

Regarding the SPY systems

Posted by matt on 21st of Oct 2021 at 07:12 pm

Thursday's Newsletter

Posted by matt on 21st of Oct 2021 at 07:08 pm

gonna keep it short and sweet 

yes - and a lot

Regarding the SPY systems

Posted by matt on 21st of Oct 2021 at 05:24 pm

yes - and a lot of Demark 13's on intra day time frames - look that that ribbon on the 1/2 day

SNAP smashed after hrs, Google, FB etc 

tech smash after hrs - price

posts like that tend to

Regarding the SPY systems

Posted by matt on 21st of Oct 2021 at 04:29 pm

posts like that tend to come around some sort of infection 

little educational reminder on the

Regarding the SPY systems

Posted by matt on 21st of Oct 2021 at 04:27 pm

little educational reminder on the cycle indicator - there's cycle support and resistance, many times price responds off those, BUT it's time when price strongly breaks over a resistance cycle - again think about it like a stock breaking through resistance-  you can buy it as a breakout

on the SPX on this 60 min, 120 min, and 1/2 day chart price broke strongly through the resistance cycle 4  - 5 days ago

I don't have any systems based off that yet - the SPY breakout is based on the ADX indicator expansion  - but I may write one based on a breakout through a cycle resistance

I bring this up because we show the cycle indicator on the multiple time frames - so that's a little education on how to view it 

I made an educational image about it a good year ago - it can be used as an Ellitow Wave like indicator - see second image

replying to my post the

Regarding the SPY systems

Posted by matt on 21st of Oct 2021 at 04:04 pm

replying to my post the other day regarding the Breakout system - well so far anyway that other version that triggered is doing well, it had the slightly weaker stats than the version we use but overall still very good

anyway the average time in trade for the breakout system is about 23 days - it's average hold time is much longer than the reversion to mean systems  - some trades have lasted 3 months 

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