no - I already said it was closing out. The system could
enter a NEW trade on a really good sell off to new lows, from
another high probability sub system like the RSI Oversold, i.e. if
the SPY flushed down below the 200 MA for example on to the Feb
lows. The current system could not trigger again because it
does not take longs below the 200 MA
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if the market sells off
SPX 2-hrBPT SPX 2-hr chart: testing the wedge upper trend ...
Posted by alvinjm27 on 6th of Apr 2018 at 03:10 pm
if the market sells off more say, closer to the recent lows/Feb lows, will SPY re-enter long or take 2nd entry?
no - I already said
Posted by matt on 6th of Apr 2018 at 03:12 pm
no - I already said it was closing out. The system could enter a NEW trade on a really good sell off to new lows, from another high probability sub system like the RSI Oversold, i.e. if the SPY flushed down below the 200 MA for example on to the Feb lows. The current system could not trigger again because it does not take longs below the 200 MA