I posted this earlier but here's the info again as a heads
up
- Trend/Pullback - 2nd entry on SPY (will show $10K SSO ETF),
and 2nd entry for MES (2 MESZ23 contracts)
- QE BTS: 1st entry on SPY ($10K SPY ETF), and 1st entry on MES
(2 MESZ23 contracts)
also - here's the stats to these 4 systems, like I said before,
if the SPX ends up working down to those level levels (low 4300's
or mid 4200's) then we'll likely see these take 2nd and 3rd
entries, and probably some other sub systems out of the 22 that
start taking trades as well
Posted by patellee on 21st of Sep 2023 at 04:32 pm
Thanks for the post; I entered these systems.
It may be early but I suspect we are close to a relief
bounce. A's showed up earlier in the day on the SPX daily and
we are at Demark 9 across almost all the timeframes. The VIX
is approaching its Upper BB and the MA ribbons on all timeframes
(except daily) are looking pretty wide on the SPY. The
Stochastics are looking for a confirm from the MACD but that's
usually lagging.
I am looking at the following levels for potential bounces on
the ES: 4365, 4347, 4310, 4270.
I am liking this entry and slowly averaging in. It's
hard to pick tops or bottoms so let's see.
We go down to the 200d MA soon but sure hope I can take
advantage of a small bounce first. Fingers crossed.
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SPY and ES mean reversion systems
Posted by matt on 21st of Sep 2023 at 02:50 pm
I posted this earlier but here's the info again as a heads up
- Trend/Pullback - 2nd entry on SPY (will show $10K SSO ETF), and 2nd entry for MES (2 MESZ23 contracts)
- QE BTS: 1st entry on SPY ($10K SPY ETF), and 1st entry on MES (2 MESZ23 contracts)
also - here's the stats to these 4 systems, like I said before, if the SPX ends up working down to those level levels (low 4300's or mid 4200's) then we'll likely see these take 2nd and 3rd entries, and probably some other sub systems out of the 22 that start taking trades as well
Thanks for the post; I
Posted by patellee on 21st of Sep 2023 at 04:32 pm
Thanks for the post; I entered these systems.
It may be early but I suspect we are close to a relief bounce. A's showed up earlier in the day on the SPX daily and we are at Demark 9 across almost all the timeframes. The VIX is approaching its Upper BB and the MA ribbons on all timeframes (except daily) are looking pretty wide on the SPY. The Stochastics are looking for a confirm from the MACD but that's usually lagging.
I am looking at the following levels for potential bounces on the ES: 4365, 4347, 4310, 4270.
I am liking this entry and slowly averaging in. It's hard to pick tops or bottoms so let's see.
We go down to the 200d MA soon but sure hope I can take advantage of a small bounce first. Fingers crossed.