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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Thanks for the post; I
SPY and ES mean reversion systems
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.