Yes sort of, bounce in price would have to be below the long
term MA's for the main trades, however there are three short trade
types that can occur above long term MA's like the Trap short, 60
Stochastic Short, and Exhaustion short, there's a lot to it
basically
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Okay, thanks. Does that mean
SPY systems will likely go long today
Posted by pebs on 13th of Nov 2015 at 12:06 pm
Okay, thanks. Does that mean it will look to short on overbought conditions?
Yes sort of, bounce in
Posted by matt on 13th of Nov 2015 at 12:14 pm
Yes sort of, bounce in price would have to be below the long term MA's for the main trades, however there are three short trade types that can occur above long term MA's like the Trap short, 60 Stochastic Short, and Exhaustion short, there's a lot to it basically