despite the nice rally today no change in the trailing stop on
the SPY system, it remains where it was yesterday, which has been
moving up every day. However I think next week the stop will
ratchet up a lot higher, in fact should price go high enough the
system will just close the trade. SPY trade has been long
since Sept 12th, so it's done a nice job catching the trend, glad I
developed that breakout trade earlier this year for this type of
market
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
despite the nice rally today
SPY Pro system new stop
Posted by matt on 27th of Oct 2017 at 11:48 am
despite the nice rally today no change in the trailing stop on the SPY system, it remains where it was yesterday, which has been moving up every day. However I think next week the stop will ratchet up a lot higher, in fact should price go high enough the system will just close the trade. SPY trade has been long since Sept 12th, so it's done a nice job catching the trend, glad I developed that breakout trade earlier this year for this type of market