so regarding the SPY system and the 60 Stochastic short, if the
market were to reverse from here that short trigger would trigger
as %K is now at 78.11%, so it's in the tight range. HOWEVER
price must pause and start to reverse from here on the daily chart
and close down say Monday, the %K needs to cross below the %D
basically to trigger.
Otherwise regarding that video I made yesterday, clearly that %K
on the 34 or 60 Stochastic lengths is something to monitor, as long
as it'a above the %D price will be strong, if it crosses however
something to note. Clearly it's not occurring yet
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so regarding the SPY system
60 Stochastic 80% short trade something to watch
Posted by matt on 17th of Jul 2015 at 09:52 am
so regarding the SPY system and the 60 Stochastic short, if the market were to reverse from here that short trigger would trigger as %K is now at 78.11%, so it's in the tight range. HOWEVER price must pause and start to reverse from here on the daily chart and close down say Monday, the %K needs to cross below the %D basically to trigger.
Otherwise regarding that video I made yesterday, clearly that %K on the 34 or 60 Stochastic lengths is something to monitor, as long as it'a above the %D price will be strong, if it crosses however something to note. Clearly it's not occurring yet