Matt what typically happens after a big move like this on SPY,
looks like its only overbought on the smallest RSI14 timeframes,
and swatted on the 38 Fib
But I am also the longest I have been in years, so feeling like
a long tail cat in a room full of rocking chairs....
look, things were severely stretched, indicators, stocks,
sentiment/emotions, you name it.; Steve's analogy was like holding
a volley ball under water.
The bond market is closed on Monday so maybe that gives higher
odds at a follow through since the bond market won't be able to do
any crazy tricks to spook things
I have to run out here to an appointment, more thoughts
later
mean reversion systems
Posted by matt on 6th of Oct 2023 at 12:49 pm
these are the ones looking to exit:
ES - CCI divergence, RSI oversold exiting on SPY and ES
SPY - CCI divergence exiting on SPY. QE BTS holding, RSI oversold holding
Matt what typically happens after
Posted by steveo on 6th of Oct 2023 at 03:46 pm
Matt what typically happens after a big move like this on SPY, looks like its only overbought on the smallest RSI14 timeframes, and swatted on the 38 Fib
But I am also the longest I have been in years, so feeling like a long tail cat in a room full of rocking chairs....
look, things were severely stretched,
Posted by matt on 6th of Oct 2023 at 03:50 pm
look, things were severely stretched, indicators, stocks, sentiment/emotions, you name it.; Steve's analogy was like holding a volley ball under water.
The bond market is closed on Monday so maybe that gives higher odds at a follow through since the bond market won't be able to do any crazy tricks to spook things
I have to run out here to an appointment, more thoughts later
$DXY and EUR/USD where also
Posted by steveo on 6th of Oct 2023 at 03:53 pm
$DXY and EUR/USD where also ready for a trend change
Confused- Rsi exiting on spy
Posted by dtheo on 6th of Oct 2023 at 03:12 pm
Confused- Rsi exiting on spy and es then holding on spy???
Hang on, you have SPY
Posted by 24kau on 6th of Oct 2023 at 01:00 pm
Hang on, you have SPY RSI oversold exiting in your first comment but holding in your second comment. SPY RSI oversold only has one entry.
RSI oversold was still holding
Posted by greggone on 6th of Oct 2023 at 01:15 pm
RSI oversold was still holding on ES too.. so looks like the ES is exiting and the SPY entry from yesterday is holding
SPY Bull exhaustion?
Posted by 24kau on 6th of Oct 2023 at 12:57 pm
SPY Bull exhaustion?