Posted by frtaylor on 26th of Jun 2016 at 04:02 pm
I can hear Steve saying something like "we stand a better chance
of a positive EOD print on Monday if we open with a gap down, hit a
lower low on an intraday chart with neg div, then reverse. If we
open within Friday's candle, chances are we'll end in the red, with
possibly lower low vs. Friday."
that's generally better, after such a move down I will be on the
lookout for a bounce though, I actually don't mind the SPY system
being long here, maybe it ends up taking a 2nd position, but I
think there's a chance the trade can be a winning trade. I
view extreme moves like this more as opportunity vs being scared
like the masses.
I can hear Steve saying
As I have posted previously on several occasions I follow ...
Posted by frtaylor on 26th of Jun 2016 at 04:02 pm
I can hear Steve saying something like "we stand a better chance of a positive EOD print on Monday if we open with a gap down, hit a lower low on an intraday chart with neg div, then reverse. If we open within Friday's candle, chances are we'll end in the red, with possibly lower low vs. Friday."
that's generally better, after such
Posted by matt on 26th of Jun 2016 at 04:05 pm
that's generally better, after such a move down I will be on the lookout for a bounce though, I actually don't mind the SPY system being long here, maybe it ends up taking a 2nd position, but I think there's a chance the trade can be a winning trade. I view extreme moves like this more as opportunity vs being scared like the masses.
Yeah, Friday was one helluva
Posted by frtaylor on 26th of Jun 2016 at 04:08 pm
Yeah, Friday was one helluva candle. A reflexive bounce tomorrow or Tues would not surprise.