SPY system exhaustion Trade exit

    Posted by matt on 24th of Jan 2020 at 11:34 am

    In order for this trade to close out, price needs to close below 330.32 today

    visual confirmation

    Posted by matt on 24th of Jan 2020 at 04:06 pm

    visual confirmation

    Matt and Steve - thank

    Posted by makarolya on 24th of Jan 2020 at 03:50 pm

    Matt and Steve - thank you for the short trade. I am new to your system,  have been with you just about two weeks, and took this trade. I used OTM SPY puts 2 month out, and it worked out nicely!

    Nice trade.. Thanks Matt!

    Posted by rgmclm on 24th of Jan 2020 at 03:34 pm

    Nice trade.. Thanks Matt!

    realize I'm counting prices at

    Posted by matt on 24th of Jan 2020 at 03:35 pm

    realize I'm counting prices at the close in the trade table

    Got out of SPY PUTs

    Posted by rojoch on 24th of Jan 2020 at 03:03 pm

    Got out of SPY PUTs about 1/2 hour ago for a +23% gain.  Admittedly I had been getting nervous as the SPY continued to chug higher this week... as I had a 5% position...(!).

    Thanks for the great systems Matt!

    .../john

    question---- spy is below your

    Posted by watcdy on 24th of Jan 2020 at 01:11 pm

    question---- spy is below your exhaustion #  330.32   does mean if it closes here or lower the system would issue close the trade signal ?



    the trade is no where

    Posted by matt on 28th of Jan 2020 at 10:29 am

    the trade is no where close to closing out. This trade is not like the exhaustion trade, the average hold time is around 13 days, however some can hold for 1 - 2 months, whereas the exhaustion trade the avg hold time is only 5 - 6 days

    again for the nervous nellies

    Posted by matt on 28th of Jan 2020 at 10:33 am

    again for the nervous nellies out there you can close your trade now and lock in a healthy profit then not worry about it.  

    but as far as this trade - it's not closing out anytime soon. I expected the market to bounce today because it was extremely oversold yesterday, however this correction may still take some time to unfold, maybe this is a B wave and then we have a C wave down later on, if all that happens it's possible this trade could go negative and even take a 2nd entry, who knows.  but it ain't closing out anytime soon

    i think it is B

    Posted by RP on 28th of Jan 2020 at 10:49 am

    i think it is B wave also and C is to come i sold out lokked in 19k from yesterday and 3300.00 on spy trade thx matt

    the SPY system is end

    Posted by matt on 24th of Jan 2020 at 01:56 pm

    the SPY system is end of day

    intra day 15 min ago

    Posted by matt on 24th of Jan 2020 at 12:33 pm

    intra day 15 min ago would have been a good place to lighten up on that SPY short.  

    we've had the ABC down, now whether that is it remains to be seen.

    next week mid to late week we have a lot of big names reporting: TSLA, AMD, AAPL, FBmaybe the market will bounce next week into those?

    remember stair steps up in

    Posted by matt on 24th of Jan 2020 at 12:15 pm

    remember stair steps up in the market that wear you out emotionally like yesterday for anyone who might have covered the SPY short trade for a loss

    as they say 'stair steps up, elevator down'

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