Yes maybe, however there's a very strong likelihood that two of
the strongest sub systems from a statistics perspective will go
long tomorrow, the RSI oversold and Bull Exhaustion, these sub
systems have 100% winning trades and rarely even take 2nd entries
because they occur under extreme's in the market
Also the ES system, which has avoided this whole pullback, it
actually caught a nice bounce trade that it got out of a few weeks
ago, is almost certainly going to go long tomorrow via the RSI
oversold condition
the system didn't go back long at the close, it was looking to
do so but price bounced too much off the lows. The other sub
systems may still go long tomorrow as I dicussed below
lamb - for that scenario (and it's way premature to worry about)
the SPX would have to go quite abit higher, Trade what's in front
of you. SPX needs to clear 2675 to make a higher high.
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SPX 5 min
Posted by matt on 29th of Mar 2018 at 12:21 pm
$SPX - Chart Link - is this a flag? we'll see. the NYUD is holding above its 15 EMA for now
$SPX - Chart Link
Posted by matt on 2nd of Apr 2018 at 02:17 pm
$SPX - Chart Link
any chance of SPY PRO
Posted by pep8261 on 2nd of Apr 2018 at 02:32 pm
any chance of SPY PRO re-entering TODAY or is there a delay on it?
Yes maybe, however there's a
Posted by matt on 2nd of Apr 2018 at 02:59 pm
Yes maybe, however there's a very strong likelihood that two of the strongest sub systems from a statistics perspective will go long tomorrow, the RSI oversold and Bull Exhaustion, these sub systems have 100% winning trades and rarely even take 2nd entries because they occur under extreme's in the market
Also the ES system, which has avoided this whole pullback, it actually caught a nice bounce trade that it got out of a few weeks ago, is almost certainly going to go long tomorrow via the RSI oversold condition
Excellent -- Thank you Matt!!
Posted by pep8261 on 2nd of Apr 2018 at 03:01 pm
Excellent -- Thank you Matt!!
the system didn't go back
Posted by matt on 2nd of Apr 2018 at 04:06 pm
the system didn't go back long at the close, it was looking to do so but price bounced too much off the lows. The other sub systems may still go long tomorrow as I dicussed below
Are we high enough to
Posted by lamb on 29th of Mar 2018 at 03:07 pm
Are we high enough to complete D up?
lamb - for that scenario
Posted by steve on 29th of Mar 2018 at 03:12 pm
lamb - for that scenario (and it's way premature to worry about) the SPX would have to go quite abit higher, Trade what's in front of you. SPX needs to clear 2675 to make a higher high.