Posted by fredsaid on 21st of Jun 2021 at 02:25 pm
Matt - Please let us know if VIX closes back inside BB at the
close (will determine if I want to jump back into the SPY long
trade - I bailed at 4220).
Yes, closing inside the BB is the signal, but not the
confirmation. The note in the chart says, that to
confirm, the close the day after it re-enters the BB must be lower
than the close on the day of the reentry. Can always go long
on the signal if the market is feeling strong instead of waiting
for confirmation.
Matt - Please let us
Posted by fredsaid on 21st of Jun 2021 at 02:25 pm
Matt - Please let us know if VIX closes back inside BB at the close (will determine if I want to jump back into the SPY long trade - I bailed at 4220).
I don't see how it's
Posted by matt on 21st of Jun 2021 at 02:26 pm
I don't see how it's not going to unless the market dumps very hard the last hr
realize it was already back inside its lower BB's early this morning 30 or more points lower
To confirm, we'd still need
Posted by rjdst on 21st of Jun 2021 at 02:30 pm
To confirm, we'd still need a close tomorrow that is lower than today's close (w/in the BB), is that correct?
No, per Matt's note we
Posted by fredsaid on 21st of Jun 2021 at 03:08 pm
No, per Matt's note we closed outside the lower BB on Friday, then we'll close inside today = buy signal.
Yes, closing inside the BB
Posted by rjdst on 21st of Jun 2021 at 05:58 pm
Yes, closing inside the BB is the signal, but not the confirmation. The note in the chart says, that to confirm, the close the day after it re-enters the BB must be lower than the close on the day of the reentry. Can always go long on the signal if the market is feeling strong instead of waiting for confirmation.
NYMO re-entry conversely.
Posted by retirefire on 21st of Jun 2021 at 07:22 pm
NYMO re-entry conversely.