As you know the systems have been in cash for SPY and ES - nice
exits on their longs last week instead of holding obviously.
Today I don't see anything triggering on ES/MES. On SPY earlier
I saw the QE BTS system showing a a trigger, it's now gone with the
slight bounce off the lows, but obviously will come back if price
moves down again. On the first image this is the one in the middle
left where you see the arrow.
I expected a trade short from one of the systems. Perhaps, there
will be one from a higher price. I am short based on the spread NQ
to ES (short /NQ, long /ES) based on the most likely mapping from
the EW analysis.
Posted by DigiNomad on 9th of Mar 2023 at 04:15 pm
I know Matt typically says the KISS Systems are "in cash" when
the STS is overhead, but in my mind, that means the systems are
short with the buy stop indicated by the overhead STS. Just
my way of looking at it..
DigiNomad, correct, on 4-hour and longer time frames the stops
are above the price in a downtrend. I see a completed sequence of
waves to the upside on /ES at Feb highs, however not yet on /NQ.
/NQ might want to have one more push up to form a lower high to
complete its sequence of waves to the upside.
SPY and ES reversion to mean systems update
Posted by matt on 9th of Mar 2023 at 02:44 pm
As you know the systems have been in cash for SPY and ES - nice exits on their longs last week instead of holding obviously.
Today I don't see anything triggering on ES/MES. On SPY earlier I saw the QE BTS system showing a a trigger, it's now gone with the slight bounce off the lows, but obviously will come back if price moves down again. On the first image this is the one in the middle left where you see the arrow.
I think you guys scared
Posted by matt on 9th of Mar 2023 at 04:00 pm
I think you guys scared the systems - doesn't look like any of the systems are triggering now.
overall the systems have done a good job. The reversion to mean systems that were long exited last week nicely
and the trend following KISS systems have been in cash on SPX and QQQ
I expected a trade short
Posted by junkie on 9th of Mar 2023 at 04:05 pm
I expected a trade short from one of the systems. Perhaps, there will be one from a higher price. I am short based on the spread NQ to ES (short /NQ, long /ES) based on the most likely mapping from the EW analysis.
I know Matt typically says
Posted by DigiNomad on 9th of Mar 2023 at 04:15 pm
I know Matt typically says the KISS Systems are "in cash" when the STS is overhead, but in my mind, that means the systems are short with the buy stop indicated by the overhead STS. Just my way of looking at it..
DigiNomad, correct, on 4-hour and
Posted by junkie on 9th of Mar 2023 at 04:35 pm
DigiNomad, correct, on 4-hour and longer time frames the stops are above the price in a downtrend. I see a completed sequence of waves to the upside on /ES at Feb highs, however not yet on /NQ. /NQ might want to have one more push up to form a lower high to complete its sequence of waves to the upside.
hmmmm...
Posted by fredsaid on 9th of Mar 2023 at 04:04 pm
hmmmm...
long or short?
Posted by junkie on 9th of Mar 2023 at 03:06 pm
long or short?
That would have to be
Posted by mastermind on 9th of Mar 2023 at 03:08 pm
That would have to be long to be reversion to mean.