3309 Drysdale Ct
Edwardsville, IL 62025
Matt -- On a previous post, today, you said you don't
necessarily play a "breakout". Is a breakout "pattern" a near
horizonal line of support/resistance; or do you consider coils,
wedges, etc., a "breakout" as it relates to you waiting for a
retest before playing?
Great work, Jason! Lots of work went into this.
Appreciate your sharing!
Really great info Matt. It helped me define the chart
timeframes I should be looking at for swings, AND the patterns to
There is always an inclination to try to match today, against
what happened in the past; and this is a credible way of predicting
the future. However, sometimes there are significant changes
from the past to the future. In 1930, there was no Fed, and
you could exchange fiat for gold. Then, fiat was tied to
gold, then fiat was disconnected from gold. The Fed, was
always hesitant about injecting liquidity (printing money), but in
the last 30 years has gradually increased its timing and magnitude
of injecting liquidity; to the point, we have no idea as to how
this latest round will impact the future. As you can see, in
the chart, below, the injection of cash for the 2007-2009 Bear
market was much quicker and stronger than their action in 2002 and
1990, ..... and we recovered nicely from that. So,
their thought is, let's increase it faster and stronger than last
time. Will we recover as nicely as we did in 2009; or is THIS
About 10 points below the 3030. I guess it is time to go
to cash in 401K's..........
120 min 60 STO = 48.91
Matt, maybe I am missing something. I have often seen the
start/end Bull/Bear Cycles on some of your charts; but, I don't see
any of these as overlays in Stockcharts; or, any discussion in BPT
Education section. Are these custom?
For the "big picture view" (since you mentioned your children
and grandchildren), I suggest reading "The Changing World Order" by
Ray Dalio. Read Chapter One, which gives you the overview,
but all of his work is extremely insightful. You can find
this on LinkedIn.
Matt--I am amazed as to the accuracy of your forecast in your
newsletter mid-day yesterday. You said the S&P would go
to the 3000 target, and the 200 day MA was a magnet. You also
said that you expected/hoped for a "pinocchio" above the 200 day
MA. I don't know how much more accurate you could have
been! Now we will see if the market is ready to head
I took some this morning, with a stop back inside the wedge.
Given the more "macro" forecast for next week, I was planning
to take a position today, in any case. Thanks to you both for
pointing out this swing idea.
Matt -- Assume no "second entry SPY System short today, given we
are 25 to 30 points down from yesterday's close on SPX?
Thanks for this educational video. Really great stuff.
Not super-efficient with Stockcharts yet; but I am anxious to
set this up and see how it works!
Excellent educational post/video. Thanks!
I saw it was having quite a run up, and thought it was extended
away from the 5 and 9. It was also in a pennate; so, set up a
bracket trade to sell when it broke the pennate and buy when it hit
the 5 ma. Just luck for my first day trade; but, technical
ZM just gave way.
I agree, it is hard to argue with the current process. Too
many open SPY System trades would be confusing; and, a lot of
notifications coming out from Matt.
I would rather play the tradable ETF (SSO); or, would prefer to
see the DVTS on the tradable SPY, rather than SPX (like the SPY
SPX just broke below the 120 minute DVTS
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