Posted by timebandit on 20th of Jan 2022 at 09:11 am
Need to clear 4565. You might watch to see what it does there,
and if it pulls back see if 4535 support holds. If so, buy there?
If it clears 4565 instead, then buy and look to next resistance
area.
Note: AAII out this morning has most bears since September 2020.
I’m not at my computer, but hadn’t yet posted to Stockcharts an
hour ago
Posted by mitchell on 20th of Jan 2022 at 09:21 am
Possibly deeper pulback into 4400 that makes the SPY system make
multiple entries before the bottom. Many discussed indicators
showing potential buy, but for what its worth I have a system
I developed that still isnt at buy pt yet. In past pullbacks it typ
coincides with SPY system but not this time.
yes so if the SPX pulled back to the 200 day MA's much lower,
what we'd probably see for the SPY systems (and ES systems) is a
3rd entry on a couple systems, and other systems would likely start
to trigger 1st entries like the Bull Exhaustion, or CCI Divergence,
RSI oversold - would probably get overlap with 2 or 3 other sub
systems
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPY trade - so are
SPY and ES Systems
Posted by elementsix on 20th of Jan 2022 at 09:03 am
SPY trade - so are we gonna get killed if we buy this open? Thoughts?
Need to clear 4565. You
Posted by timebandit on 20th of Jan 2022 at 09:11 am
Need to clear 4565. You might watch to see what it does there, and if it pulls back see if 4535 support holds. If so, buy there? If it clears 4565 instead, then buy and look to next resistance area.
Note: AAII out this morning has most bears since September 2020. I’m not at my computer, but hadn’t yet posted to Stockcharts an hour ago
Sorry, should have specified those
Posted by timebandit on 20th of Jan 2022 at 09:58 am
Sorry, should have specified those are ES numbers. Chart from Matt's newsletter last night shows the retail resistance area
yes thanks but figured it
Posted by retirefire on 20th of Jan 2022 at 09:58 am
yes thanks but figured it out nice.
Lot of people trading station
Posted by timebandit on 20th of Jan 2022 at 09:16 am
Lot of people trading station to station in this environment, so doesn’t hurt to take some off at resistance and vice versa if you’re on the bear side
I'm sure you want to
Posted by Trendie on 20th of Jan 2022 at 09:10 am
I'm sure you want to hear from Matt and Steve but this is what I'm looking at. What's the SPY trend at this moment? 15min chart.
Possibly deeper pulback into 4400
Posted by mitchell on 20th of Jan 2022 at 09:21 am
Possibly deeper pulback into 4400 that makes the SPY system make multiple entries before the bottom. Many discussed indicators showing potential buy, but for what its worth I have a system I developed that still isnt at buy pt yet. In past pullbacks it typ coincides with SPY system but not this time.
yes so if the SPX
Posted by matt on 20th of Jan 2022 at 09:31 am
yes so if the SPX pulled back to the 200 day MA's much lower, what we'd probably see for the SPY systems (and ES systems) is a 3rd entry on a couple systems, and other systems would likely start to trigger 1st entries like the Bull Exhaustion, or CCI Divergence, RSI oversold - would probably get overlap with 2 or 3 other sub systems