3309 Drysdale Ct
Edwardsville, IL 62025
the third entry on the QE BTS system is quite wide, below
271.87, so NOT even close, we'd need to sell off another 44 points
on SPX to hit that. it's possible another sub system could take a
trade but not today such as CCI oversold, Bull Exhaust, Bear Long,
RSI oversold, but none of them are close. Remember we are now
trading the individual sub systems in order to get the most
Thanks Matt. I am making my first entry today at the bell using
the Aug 260 calls. any reason why i shouldnt take that trade
weekend unknown etc. Otherwise if you are not in any other
entries you have a pretty good price by avoiding those. The
Mexican tariff stuff came out of left field and is concerning for
the market. on SPx daily 2740 and 2730, and 2720 are your
next areas of support. If 2720 area lost though that opens up
door for 2660 as there's a bit air pocket below that to the next
daily pivot. the H&S on the Dow still measures quite a
bit lower. We might also need to see a spike up on the VIX.
Anyway up to you man but clearly if you have no prior entry
you are beating the system with an entry today. Again your
Trend long system is flat, I'll let everyone know when that goes
back long as it will have a stop.
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