Regarding the SPY Pro system, as you know it took a second entry
on Friday, which allowed you to greatly average up your entry
prices, it actually makes the trade positive if one closed it out
now.
As far as this trade, in order for it to close out, SPY needs to
close below roughly $190.45 today. At this time the system
will not hold the trade for a swing because one of the short term
momentum indicators is still green. I will update you later
today should the system decide to close out the trade
If the market closes down in this range, the SPY system will
definitely be closing out it's short position and going to cash.
Again we still have near 2 hrs left in the day, so I'll won't
send out an official email until near the close if the system
decides to exit.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPY Pro System Update
Posted by matt on 2nd of Feb 2016 at 10:14 am
Regarding the SPY Pro system, as you know it took a second entry on Friday, which allowed you to greatly average up your entry prices, it actually makes the trade positive if one closed it out now.
As far as this trade, in order for it to close out, SPY needs to close below roughly $190.45 today. At this time the system will not hold the trade for a swing because one of the short term momentum indicators is still green. I will update you later today should the system decide to close out the trade
CLOSED OUT TODAY
SPY system went to cash
Posted by matt on 2nd of Feb 2016 at 04:03 pm
SPY system went to cash
as far as the SPY
Posted by matt on 2nd of Feb 2016 at 03:44 pm
as far as the SPY system trade closing out, it's gonna be very close, I can't confirm until the close or close to it
is it suppose to close eod or next morning?
Posted by tsurplus on 2nd of Feb 2016 at 03:48 pm
next day open is only
Posted by matt on 2nd of Feb 2016 at 03:52 pm
next day open is only for longs man
If the market closes down
Posted by matt on 2nd of Feb 2016 at 02:14 pm
If the market closes down in this range, the SPY system will definitely be closing out it's short position and going to cash. Again we still have near 2 hrs left in the day, so I'll won't send out an official email until near the close if the system decides to exit.