yeah short term, but overall the daily trend not bearish, would
look at a pullback back to the 9 EMA or 20 MA as a buy opportunity,
especially if it was abc in nature on a smaller time frame. But yes
short term black candle doji not pretty
Finally got all this TS rebooted, pain in the ass. Anyway the
SPY breakout sub system went long. thing is way too late to
send out for options trades. The market clearly got way too
extended today, I think Dow futures hit 30,000 perfectly at the
highs LOL.
Also regarding the breakout trade, been considering removing
that sub system as it's the one system out of the 21 SPY systems
that is not reversion to mean. Now that we have some of this KISS
stuff I don't think it's as important to have. Also I've been kind
of itching to go back and make a new version of that with the
cycles.
here's the chart of the systems, you can see it on upper right.
Clearly if you wish to take the trade you can do so with the
ETF in after hrs. I will discuss it tonight as. Unfortunately
I have to run to a doctor appointment right now
Posted by rmoore100 on 12th of Nov 2020 at 01:10 pm
Matt, was just curious..... I realize the KISS has taken over
for the Breakout Trade, however since the old System (Breakout) did
trigger on Monday, will you let us know when it completes or is
stopped out, for those of us who took the trade ? I
noticed it has not been included in the SPY Systems Trade tab.
Thanks Matt !!!!!!!!!!!!!!!!!!!!!!!!
Posted by timebandit on 9th of Nov 2020 at 04:22 pm
Yes, that kind of pullback would be healthy after such an
updraft. Anything is possible with VIX still in mid-20s, but I'm
kind of doubtful of a gap down tomorrow because of its
implications.
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Going to be an ominous
Posted by timebandit on 9th of Nov 2020 at 04:00 pm
Going to be an ominous candle today on SPX. Needless to say, but gap down tomorrow would be far from bullish.
yeah short term, but overall
Posted by matt on 9th of Nov 2020 at 04:01 pm
yeah short term, but overall the daily trend not bearish, would look at a pullback back to the 9 EMA or 20 MA as a buy opportunity, especially if it was abc in nature on a smaller time frame. But yes short term black candle doji not pretty
Finally got all this TS
Posted by matt on 9th of Nov 2020 at 04:35 pm
Finally got all this TS rebooted, pain in the ass. Anyway the SPY breakout sub system went long. thing is way too late to send out for options trades. The market clearly got way too extended today, I think Dow futures hit 30,000 perfectly at the highs LOL.
Also regarding the breakout trade, been considering removing that sub system as it's the one system out of the 21 SPY systems that is not reversion to mean. Now that we have some of this KISS stuff I don't think it's as important to have. Also I've been kind of itching to go back and make a new version of that with the cycles.
here's the chart of the systems, you can see it on upper right. Clearly if you wish to take the trade you can do so with the ETF in after hrs. I will discuss it tonight as. Unfortunately I have to run to a doctor appointment right now
Matt, was just curious..... I
Posted by rmoore100 on 12th of Nov 2020 at 01:10 pm
Matt, was just curious..... I realize the KISS has taken over for the Breakout Trade, however since the old System (Breakout) did trigger on Monday, will you let us know when it completes or is stopped out, for those of us who took the trade ? I noticed it has not been included in the SPY Systems Trade tab. Thanks Matt !!!!!!!!!!!!!!!!!!!!!!!!
Yes, that kind of pullback
Posted by timebandit on 9th of Nov 2020 at 04:22 pm
Yes, that kind of pullback would be healthy after such an updraft. Anything is possible with VIX still in mid-20s, but I'm kind of doubtful of a gap down tomorrow because of its implications.