There is a major Fib level about 35 SPX points lower, and a
weekly 200MA. I would like to see a test of that level
tomorrow with a reversal to the upside.
I closed my first entry on SPY last week near resistance and
yesterday on weakness for a small loss. I took a full position
today at the close.
Edit: a recent pattern has been a pop into the open and selloff
into the close. An easy day trade is to sell that pop and buy lower
intraday to cover.
Thanks for sharing. I've been watching the fib and 3,748s gap as
well. Just know way to know on timing, so I've been using
hedges along the way while I wait. I have had some good trades over
the last days with those and it makes holding through the
volatility easier. All the best
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SPX I took a second
Posted by fundamentalvalues on 28th of Dec 2022 at 04:30 pm
SPX I took a second entry with the system long. Using SPXL as my instrument. The algos had fun today I see.
There is a major Fib
Posted by junkie on 28th of Dec 2022 at 04:33 pm
There is a major Fib level about 35 SPX points lower, and a weekly 200MA. I would like to see a test of that level tomorrow with a reversal to the upside.
I closed my first entry on SPY last week near resistance and yesterday on weakness for a small loss. I took a full position today at the close.
Edit: a recent pattern has been a pop into the open and selloff into the close. An easy day trade is to sell that pop and buy lower intraday to cover.
Thanks for sharing. I've been
Posted by fundamentalvalues on 28th of Dec 2022 at 05:20 pm
Thanks for sharing. I've been watching the fib and 3,748s gap as well. Just know way to know on timing, so I've been using hedges along the way while I wait. I have had some good trades over the last days with those and it makes holding through the volatility easier. All the best