no mean reversion shorts - guys the SPY and ES systems most of
them cannot do shorts above the 200 day MA, so almost none of them
can trigger
the only ones that could trigger would be an exhaustion short
(but that's only on relentless move higher in a parabolic fashion
(obviously we are far from such a state), and the only other
systems that could potentially trigger would be one of the 60
Stochastic short systems, but again they are not in a place to do
so.
Remember the 60 Stochastic was at the 50% level last week and I
commented that it was a support level - and price has bounced off
it
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Any reversion to mean systems
Posted by icecoldjones on 29th of Aug 2023 at 03:19 pm
Any reversion to mean systems looking to go short today with this rally?
Ha! You wish. More likely
Posted by mastermind on 29th of Aug 2023 at 04:59 pm
Ha! You wish. More likely a breakout long.
yes that is actually a
Posted by matt on 29th of Aug 2023 at 06:08 pm
yes that is actually a possibility, more so than a short system triggering
My guess it's a bit
Posted by patellee on 29th of Aug 2023 at 03:39 pm
My guess it's a bit early for those systems. Barring any news this week; we likely have legs on this rally to at least 4550.
no mean reversion shorts -
Posted by matt on 29th of Aug 2023 at 04:06 pm
no mean reversion shorts - guys the SPY and ES systems most of them cannot do shorts above the 200 day MA, so almost none of them can trigger
the only ones that could trigger would be an exhaustion short (but that's only on relentless move higher in a parabolic fashion (obviously we are far from such a state), and the only other systems that could potentially trigger would be one of the 60 Stochastic short systems, but again they are not in a place to do so.
Remember the 60 Stochastic was at the 50% level last week and I commented that it was a support level - and price has bounced off it