3309 Drysdale Ct
Edwardsville, IL 62025
as I discussed last night, two versions of the daily KISS
settings, one showed long yesterday and I showed how the other one
would likely show a long today on a move higher. As I said
last night in the video, to me if you feel the need to be
long, easy swing stop would be the higher low RS from yesterday
here's where I discussed last night, the video starts at that
Did the longer version of the KISS go long on SPY today as well?
Sorry if I missed that.
what's the longer term? Weekly has been no change it never
exited, 2 day, daily long both versions long yesterday and then
as far as the market - realize that two viable options for the
market are that a 4th wave low is in and slight new highs will be
formed, or 2 a lower high wave B forms that sucks the bulls in
tricks the bears to cover, then we go down yet again. My thought is
at this point a stop at yesterday's higher lows on the QQQ and SPX
could be swing stop areas
longer term my concern is that the Quarterly charts will
eventually need a longer consolidation to work that off - so my
view that even if market makes new highs, it won't just run away,
the easy money has been made from Mar lows of last year till now.
Short term lows are either in we are still in this complex
for me the KISS stuff, as I've stated is not a full entry and
exit system - it has entries but it's best at the moment more as a
tool to manage an existing position in an uptrend. Generally it's
best to get your own entries off some other trigger. I know
everyone wants the perfect turn key thing but at the moment that
doesn't exit and trend systems with a perfect entry and exit are
extremely difficult - far more so than reversion to mean systems
like the SPY.
anyway lots going on - earning season, etc. My thoughts if I
felt like the bottom was in , my swing stop could be the higher
lows I discussed in last night's video - the right shoulders on the
SPX and QQQ. If I was still nervous then I might consider
waiting for more evidence, or some combination. Many factors and
there is not one simple answer.
one thing I'll try to start doing is some targeted youtube
videos where discuss these KISS charts and other triggers - will be
targeted and quick - not 30 min vidoes
Makes sense, thanks.
Any change on the 2 Day?
2 day is long
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