I believe before all things are said and done that prices will
be lower by the time this things totally bottoms. That said in the
short term there is still the possibility of the B bounce up first.
We are nearing a support level and have wedge like patterns
and divergence on 60 min time frames
so basically we could see a nice move up, then after then
another move down and then complete.
Or could it just go much lower first before bottoming yes.
but otherwise there is a possibility prices shore up in here
in the short term and attempt a bounce, which would be nice to have
those SPY reversion to mean systems exit on. If instead prices
decide to take another dump first, we'll then those systems will
take 2nd entries
I am glad the SPY
Posted by steverobin on 11th of Sep 2020 at 06:32 pm
I am glad the SPY System(s) did not trigger. We may see some more downside the next few weeks.
I believe before all things
Posted by matt on 12th of Sep 2020 at 10:05 am
I believe before all things are said and done that prices will be lower by the time this things totally bottoms. That said in the short term there is still the possibility of the B bounce up first. We are nearing a support level and have wedge like patterns and divergence on 60 min time frames
so basically we could see a nice move up, then after then another move down and then complete.
Or could it just go much lower first before bottoming yes. but otherwise there is a possibility prices shore up in here in the short term and attempt a bounce, which would be nice to have those SPY reversion to mean systems exit on. If instead prices decide to take another dump first, we'll then those systems will take 2nd entries
inflection point this week. nice
Posted by Orangeman on 12th of Sep 2020 at 02:44 pm
inflection point this week. nice analysis from CCM per usual.
https://youtu.be/3nim6ib7aBM
You mean the 401k system,
Posted by fundamentalvalues on 12th of Sep 2020 at 08:19 am
You mean the 401k system, I believe that did not trigger. The SPY system did trigger a few long trades that are still open.