$SPX - Chart Link - market still holding
up here well, here's a couple 15 min charts, as you can see popped
out of a flag pattern, otherwise monitor the MACD as there's some
negative divergence building
$SPX - Chart Link - this chart has various
stochastic lengths such as 60 and 144 trending over 80%
with the market up here the SPY option trades are up 24% and
41.5% respectively. The ETF trades are also up nicely.
If you don't have multiple call options you can't sell
anything without being out, however if you bought several contracts
could be a good place to sell one. For ETF's you can of
course sell some shares.
as far as the system it will not be exiting, so any taking of
profits you might do is outside the system. However the market is
up here near resistance
Posted by chapgolf on 10th of Jun 2019 at 09:56 am
Thanks for the update Matt. I sold my SPY position Friday,
up nicely, but holding my SSO position which I added to last Tues.
based on the early PMOBUYALL signal. Working like a champ so
far.
Market careful up here
Posted by matt on 10th of Jun 2019 at 09:47 am
$SPX - Chart Link - with the gap up the market is quite extended up here, SPX has resistance in here
$SPX - Chart Link
Update: Market careful up here
Posted by matt on 10th of Jun 2019 at 10:10 am
$SPX - Chart Link - market still holding up here well, here's a couple 15 min charts, as you can see popped out of a flag pattern, otherwise monitor the MACD as there's some negative divergence building
$SPX - Chart Link - this chart has various stochastic lengths such as 60 and 144 trending over 80%
Update: Update: Market careful up here
Posted by matt on 10th of Jun 2019 at 12:37 pm
$SPX - Chart Link - that MACD divergence playing out on SPX 15 min I pointed out earlier
also that 2900 area is
Posted by matt on 10th of Jun 2019 at 12:38 pm
also that 2900 area is big resistance on SPX, which price pulled back from
anyway guys I'm leaving, will be back in a couple hrs
It will be interesting if
Posted by tgo5043 on 10th of Jun 2019 at 11:14 am
It will be interesting if we get another wave of short covering once (or if ) we clear 2900 on $SPX. Might be a good long trade
with the market up here
Posted by matt on 10th of Jun 2019 at 09:51 am
with the market up here the SPY option trades are up 24% and 41.5% respectively. The ETF trades are also up nicely. If you don't have multiple call options you can't sell anything without being out, however if you bought several contracts could be a good place to sell one. For ETF's you can of course sell some shares.
as far as the system it will not be exiting, so any taking of profits you might do is outside the system. However the market is up here near resistance
Thanks for the update Matt.
Posted by chapgolf on 10th of Jun 2019 at 09:56 am
Thanks for the update Matt. I sold my SPY position Friday, up nicely, but holding my SSO position which I added to last Tues. based on the early PMOBUYALL signal. Working like a champ so far.
with the symmetry break on
Posted by matt on 10th of Jun 2019 at 09:57 am
with the symmetry break on the upside, look for an opportunity to add back on a nice pullback higher low