3309 Drysdale Ct
Edwardsville, IL 62025
so obviously because the market sold off from the intra day
highs that SPY Exhaustion short won't trigger at the close. However
the daily overall condition is still being met, it starts to
trigger when SPY has closed for more than 26 consecutive days above
its 8 day SMA. That is still the case today, however I have
other filters that have to be met besides that such as an
overbought %R indicator etc which is why it didn't trigger today.
The point is, this condition could still very well trigger in
the coming days as long as the SPX remains above its 8 day SMA and
if it has another push attempt as the SPY is still meeting that
>26 constitutive days over the SMA
I have SPY closing below its 8day SMA on Dec 30. ---321.08
close vs an ma of 321.32. Prices/calculation from
Tradestation. Are you using a HLC MA or perhaps I'm off
it's actually the 9 SMA not the 8, sorry, price did not close
below it earlier in the month
got it! thanks Matt.
and as I type that ES futures have came WAY back. in fact
wouldn't be surprised to see them go positive
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