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I've been saying this for a couple of months that I would be
removing the monthly SPX charts for 401K because they are too slow
to respond. Anyway I will expand upon this section over time but
for now this change makes sense given the fast pace of the markets
in this Fed driven era. You can read what I wrote, also these
charts update daily, they are of course the same charts from the
newsletters as well. For now I think they should be treated
more as ideas for protective stops if you are already long.
Eventually I'll add something for full entries as systems,
but for now I think they are best used as guides if you are long
SPX related instrument in your 401K and want an idea for a
protective stop. I also may add a weekly DVT chart as well, but
monthly is too slow
You may have covered this but I can't see how the daily DVT stop
of 3033 on SPX came about. I don't see a short term low there or a
red to green on the shorter term MA Deluxe.
Matt, can you elaborate on how the DVT stop of 3033 on SPX was
Check Matt's post on June 4th....
I see it; thank you!
on the daily - the fast BPT MA is red - that's important because
if on the next rally that goes green, that price low will be very
important. also notice on the daily the RSI is coming down fast,
nearing that 50% area again.
on the 120 min 2hr view, the 50% on the 60 Stochastic is
important for major uptrends and downtrends
the main DVT's are generated when the fast BPT MA Deluxe goes
from red to green. The question this morning was how could
there be DVT's since the BPT MA hasn't been red since early May - I
have it adjusted up via a % if there has been a large price
movement since the last BPT MA color change. In my opinion
those arbitrary moved up DVT prices without the DVT I think should
be a range or given wiggle room. That 3030 one could be hit
pretty easy and the 200 day MA is just below that, so one could
make a determination of their own if they wished to be out earlier
or give it to the next one lower to give more room. As I've been
saying it's fine to get stopped out - all good traders get stopped
out all the time, it's part of successful risk management. But you
also want some sort of trigger to get back in. That's why I show
the 120 min view and the 60 Stochastic 50% area, talk about abc
type pullbacks etc. That 50% area on the 60 Stochastic is an
inflection area on the 120 min area - I'd be watching to see if
price finds support there. Anyway just some quick comments -
and remember those charts are guides at this point not full
systems. If the daily hits that 3030 area but the 120 min is right
near the 50% area on 60 Stochastic I'd watch that to see if it
bounces there. And again since both the fast BPT MA Deluxe
indicators are now red - if a bounce causes them to go green that
will be important.
Also Symmetry: 190 points is what is important for the
uptrend from Mar 23rd low - currently price is
142 points downoff the highs
otherwise markets doing their typical thing: If you are not
long, they can emotional grind higher for days and weeks, months to
get you emotional - then when they do finally correct the
imbalances does so very quickly.
As Steve likes to say stair step up elevator
Hi Matt, what is the entry signal on the BPT MA systems?
I've discussed it quite a few times in weekend newsletters,
don't have time to go into it intra day, watching stuff
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