Update on the SPY Pro

    SPY Pro system comments

    Posted by matt on 7th of Nov 2016 at 02:51 pm

    Update on the SPY Pro system, this morning the system was looking to exit the trade, however if price can hold up there the last hr, the system will hold because one of the momentum indicators that governs if the system is going to hold has flipped to green intra day.  Again this could flip back to red if the market weakens enough into the close

    Just to echo the sentiment

    Posted by peterjennings71 on 8th of Nov 2016 at 12:55 pm

    Just to echo the sentiment Matt that I am just glad your ok after your incident with the deer. With regards the Spy Pro system, is there an exit target in mind for today or may the system stay long into Election results day tomorrow ?

    thanks!  so with the SPY

    Posted by matt on 8th of Nov 2016 at 02:30 pm

    thanks!  so with the SPY system, it's going to hold for now until the momentum trending indicator turns red.  And if the market manages not to pullback much and instead goes much higher, enough so that a 34 length Stochastic gets over 80%, that will then hold the trade until it closes below 80%, like passing a baton 

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