Regarding the SPY Pro system, as you know it didn't go long
yesterday nor did any of the other SPY systems (SPY RSI 2 or SPY
Ver 2).
This is a preliminary email just to give you a heads up: If the
SPX closes down below about 179.4 it SPY Pro system will take a
long, this changes as the day goes on however. The SPX would
have to close down about 5 - 6 points or more for this to occur,
which is clearly being met at this point, however it's the close
that matters.
Also the SPY Ver 2 looks like it will take a long position as
well, however it requires a more stringent down down day. I
will send an official confirmation at the close and remember that
SPY trades up to 4 hrs in after hrs trading and is extremely
liquid.
FYI - the SPY Pro is no longer giving a buy signal, unless we
sell off again into the close, however the SPY RSI 2 system is now
giving a sell if RSI 2 closes below 10%
Posted by jnelson77 on 4th of Dec 2013 at 04:31 pm
Matt, You mentioned yesterday that the RSI 2 didn't
trigger cause of a filter. Been doing some reading but I
probably just blew over what that filter is?
pimacanyon- I
addressed this earlier today, yes the RSI 2 closed below 10%,
however a filter was hit, so the system looks for lower prices,
it's not as simple as RSI 2 closing below 10%
SPY Pro system comments
Posted by matt on 4th of Dec 2013 at 12:45 pm
Regarding the SPY Pro system, as you know it didn't go long yesterday nor did any of the other SPY systems (SPY RSI 2 or SPY Ver 2).
This is a preliminary email just to give you a heads up: If the SPX closes down below about 179.4 it SPY Pro system will take a long, this changes as the day goes on however. The SPX would have to close down about 5 - 6 points or more for this to occur, which is clearly being met at this point, however it's the close that matters.
Also the SPY Ver 2 looks like it will take a long position as well, however it requires a more stringent down down day. I will send an official confirmation at the close and remember that SPY trades up to 4 hrs in after hrs trading and is extremely liquid.
FYI - the SPY Pro
Posted by matt on 4th of Dec 2013 at 03:12 pm
FYI - the SPY Pro is no longer giving a buy signal, unless we sell off again into the close, however the SPY RSI 2 system is now giving a sell if RSI 2 closes below 10%
Matt, You mentioned yesterday that
Posted by jnelson77 on 4th of Dec 2013 at 04:31 pm
Matt, You mentioned yesterday that the RSI 2 didn't trigger cause of a filter. Been doing some reading but I probably just blew over what that filter is?
Thanks a lot
RSI 2 triggered yesterday and today
Posted by pimacanyon on 4th of Dec 2013 at 07:51 pm
Matt,
I have the RSI 2 reading below 10, both yesterday and today.
You said that this system did not trigger yesterday or today. What am I missing?
pimacanyon- I addressed this earlier today,
Posted by matt on 4th of Dec 2013 at 08:03 pm
pimacanyon- I addressed this earlier today, yes the RSI 2 closed below 10%, however a filter was hit, so the system looks for lower prices, it's not as simple as RSI 2 closing below 10%
What is the filter if
Posted by torvix on 5th of Dec 2013 at 02:13 am
What is the filter if I may ask? MACD pointing upwards?