Posted by shanebofl on 27th of Feb 2017 at 03:37 pm
Dahbull, yes you are correct. If conditions hold up, the system
will issue a short (you would short SPY, although I buy SH which is
the 1X bear/short ETF.) When Matt said a 60% position in SPY, he
means a short position.
Spy Pro System
SPY Pro system possible short trade
Posted by dahbull on 27th of Feb 2017 at 03:16 pm
Pardon my ignorance, if this is a reversion to mean trade why go long the SPY? Shouldn't we go short? FYI: I read the F&Q, but I"m missing the logic.
Clarification as I understand it...
Posted by shanebofl on 27th of Feb 2017 at 03:37 pm
Dahbull, yes you are correct. If conditions hold up, the system will issue a short (you would short SPY, although I buy SH which is the 1X bear/short ETF.) When Matt said a 60% position in SPY, he means a short position.
SPY trade
Posted by dakotadj on 27th of Feb 2017 at 03:32 pm
This will be a short trade on the SPY to take advantage of the overbought conditions. Looking for a Reversion to Mean . This will NOT be a long trade.