yet another example of why I give trade signals to both SPY and
ES from the systems. I get this question all the time, I
don't trade ES why don't you only send trade signals for SPY.
This is a perfect example once again: As I've stated dozens of
times, even though SPY and ES are 99% correlated, they have
different prices and the 22 systems will not do the same trade
signals on each, they will have different entries and exits many
times.
Also like we saw this time, the QE 3 did NOT trigger a short on
SPY yesterday but triggered it on ES. If I was only sharing trade
signals for SPY this would have been missed
we also saw this in July where the bear long caught a 5 week
runner on ES but did not catch the same trade on SPY. ES has been
better lately but it will flip and SPY will catch trade signals
that are missed by ES - so it works both ways
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yet another example of why
Short trade comments
Posted by matt on 13th of Sep 2022 at 10:22 am
yet another example of why I give trade signals to both SPY and ES from the systems. I get this question all the time, I don't trade ES why don't you only send trade signals for SPY.
This is a perfect example once again: As I've stated dozens of times, even though SPY and ES are 99% correlated, they have different prices and the 22 systems will not do the same trade signals on each, they will have different entries and exits many times.
Also like we saw this time, the QE 3 did NOT trigger a short on SPY yesterday but triggered it on ES. If I was only sharing trade signals for SPY this would have been missed
we also saw this in July where the bear long caught a 5 week runner on ES but did not catch the same trade on SPY. ES has been better lately but it will flip and SPY will catch trade signals that are missed by ES - so it works both ways