FYI regarding the reversion to mean system, as you know they've
been much quieter this year due to the lower volatility.
Out of the 12 long sub systems the SPY breakout sub system went
long on Tuesday, I didn't see the signal that day due to TS issues,
which is good for us as the S&P 500 fell 26 points yesterday
and we can enter the trade at better prices this morning. The last
trade on this sub system was a slight loser and stopped out as you
can see from the image. For this trade to play out, the hope
is that the market will have that 5th wave move up as we've soon as
one of the possibilities in the newsletter. Interestingly the
DVDS short is still theoretically open, which triggered way back in
April - we manually closed that position weeks ago however for a
profit. As you know, the market has had historical weak
breadth with 7/8 names leading the market.
I'm issuing the trade now: For the website I'll show it as $10K
of SPY ETF. None of the systems trigger on the ES side of
things
SPY and ES systems - SPY breakout went long
Posted by matt on 1st of Jun 2023 at 09:29 am
FYI regarding the reversion to mean system, as you know they've been much quieter this year due to the lower volatility.
Out of the 12 long sub systems the SPY breakout sub system went long on Tuesday, I didn't see the signal that day due to TS issues, which is good for us as the S&P 500 fell 26 points yesterday and we can enter the trade at better prices this morning. The last trade on this sub system was a slight loser and stopped out as you can see from the image. For this trade to play out, the hope is that the market will have that 5th wave move up as we've soon as one of the possibilities in the newsletter. Interestingly the DVDS short is still theoretically open, which triggered way back in April - we manually closed that position weeks ago however for a profit. As you know, the market has had historical weak breadth with 7/8 names leading the market.
I'm issuing the trade now: For the website I'll show it as $10K of SPY ETF. None of the systems trigger on the ES side of things
glad I issued that long
Posted by matt on 1st of Jun 2023 at 12:18 pm
glad I issued that long on the SPY systems this morning
sad I hesitated and started
Posted by icecoldjones on 1st of Jun 2023 at 12:20 pm
sad I hesitated and started running some reports for work, just looked now LOL
Thank you. Any targets you
Posted by bpozdoll1717 on 1st of Jun 2023 at 12:19 pm
Thank you. Any targets you guys are seeing on the upside?