so as you know yesterday ES version of the Trend system exited
but the SPY version did not. So today is a real time example
of how even though both were in the exact same trade and sub
systems, you can see how they average one another out with ES
exiting yesterday. For example when I bring the ES systems to
the website you would have been in both system trades but closed
the one yesterday.
anyway I did mention yesterday in my final email that the SPY
system version would continue to hold however I mentioned that we
had the jobs report today and one could consider closing some out
for a profit yesterday since the ES version did close out and we
had the Jobs report today. I am kicking myself a bit though
because I had typed into my email alert that we were closing out
1/2, and I removed it LOL. But again I did suggest it as an option
at least.
Also last year most Friday's were up while this year every
Friday has been down, so today is keeping with that trend thus far
but it's early still
so yeah even though ES exited before on that Trend/Pullback
yesterday when you zoom out and look at the system chart, the SPY
trade was still awesome, really doesn't look much different on the
chart. Also when I sent that out this morning most of you saw
the email by the time the market had bounced off the lows and would
have gotten out probably close to the system exit or
higher.
obviously nice dump this afternoon which is kind kind of what I
expected, this year all the Friday's have been weak so odds favored
weakness today as well
so as you know yesterday
SPY vs ES Trend/Pullback
Posted by matt on 7th of Feb 2020 at 09:43 am
so as you know yesterday ES version of the Trend system exited but the SPY version did not. So today is a real time example of how even though both were in the exact same trade and sub systems, you can see how they average one another out with ES exiting yesterday. For example when I bring the ES systems to the website you would have been in both system trades but closed the one yesterday.
anyway I did mention yesterday in my final email that the SPY system version would continue to hold however I mentioned that we had the jobs report today and one could consider closing some out for a profit yesterday since the ES version did close out and we had the Jobs report today. I am kicking myself a bit though because I had typed into my email alert that we were closing out 1/2, and I removed it LOL. But again I did suggest it as an option at least.
Also last year most Friday's were up while this year every Friday has been down, so today is keeping with that trend thus far but it's early still
so yeah even though ES
Posted by matt on 7th of Feb 2020 at 02:21 pm
so yeah even though ES exited before on that Trend/Pullback yesterday when you zoom out and look at the system chart, the SPY trade was still awesome, really doesn't look much different on the chart. Also when I sent that out this morning most of you saw the email by the time the market had bounced off the lows and would have gotten out probably close to the system exit or higher.
obviously nice dump this afternoon which is kind kind of what I expected, this year all the Friday's have been weak so odds favored weakness today as well
here's an image showing SPY and ES systems
thanks to Steve in letter
Posted by retirefire on 7th of Feb 2020 at 02:31 pm
thanks to Steve in letter last night pointing out Friday weakness