SPY Pro System

    Posted by cuqui69 on 10th of Apr 2014 at 11:11 am

    Matt,  for the SPY Pro System the BPT Momentum indicator is Green does it mean we should keep long even thought the SPY close above the 8 SMA?

    I'll update  you later today,

    Posted by matt on 10th of Apr 2014 at 12:05 pm

    I'll update  you later today, dealing with tons of admin problems today. 

    Anyway at this moment the momo indicator on the SPY Pro system is now red, if this holds the system will get an exit signal and will close the position out tomorrow on the open, remember the SPY Pro closes longs on the next day open because of this reason ( click here to read )

    I will update everyone soon.

    anyway today's action should not surprise anyone too much, those Nasdaq charts still looked pretty awful and it was hard to count an impulse off the lows

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