Matt has said the 11th day the SPX is above the 3 SMA
there is almost no drawdown based on many years of history. So
should we wait until the close and hopefully the SPX is at HOD to
try a put or inverse ETF or wait for the 12th day.
I'm seeing SPX actually closed below
it's 3 SMA on 12/18/19, therefore breaking this streak last week.
Are you guys seeing different data? This is what I see
for 12/18/19:
SPX closed at 3191.14
3 SMA was at 3191.70
Unless you guys have different data,
we're currently only 5 days of closes above the 3 SMA. Can
someone confirm?
Lets let Matt confirm exactly what day above this is. According
to his various posts this is day 11 and there hasn't been a day 12
in market history. Of course with this crazy market never say never
LOL. Hopefully Matt will chime in fairly soon so we can still have
the opportunity to get into a inverse ETF before the market day
closes.
Matt has said the 11th
Posted by victorh on 26th of Dec 2019 at 02:32 pm
Matt has said the 11th day the SPX is above the 3 SMA there is almost no drawdown based on many years of history. So should we wait until the close and hopefully the SPX is at HOD to try a put or inverse ETF or wait for the 12th day.
at this pace, we'll wait
Posted by mla127 on 26th of Dec 2019 at 03:02 pm
at this pace, we'll wait forever .... lol
I'm seeing SPX actually closed
Posted by shecar on 26th of Dec 2019 at 03:22 pm
I'm seeing SPX actually closed below it's 3 SMA on 12/18/19, therefore breaking this streak last week. Are you guys seeing different data? This is what I see for 12/18/19:
Unless you guys have different data, we're currently only 5 days of closes above the 3 SMA. Can someone confirm?
Lets let Matt confirm exactly
Posted by victorh on 26th of Dec 2019 at 03:58 pm
Lets let Matt confirm exactly what day above this is. According to his various posts this is day 11 and there hasn't been a day 12 in market history. Of course with this crazy market never say never LOL. Hopefully Matt will chime in fairly soon so we can still have the opportunity to get into a inverse ETF before the market day closes.
I'll revisit and look over
Posted by matt on 26th of Dec 2019 at 08:22 pm
I'll revisit and look over my scans and post that later or in morning
Is the sell signal on
Posted by shecar on 26th of Dec 2019 at 04:24 pm
Is the sell signal on this when SPY closes below its 3 or its 4 SMA?
The initial conversation was about
Posted by pjtiii on 26th of Dec 2019 at 03:36 pm
The initial conversation was about SPY not SPX and the SPY is at day 11 counting today - not sure if that matters for you.
ok, thank you. yes, SPY
Posted by shecar on 26th of Dec 2019 at 03:42 pm
ok, thank you. yes, SPY I see 11 days on