SPY and ES mean reversion systems possible trade - QE momo

    Posted by matt on 18th of Jul 2024 at 12:53 pm

    It's been a while since we've seen a mean reversion system trigger:

    the QE momo shows a potential long on both SPY and ES - here's two images showing SPY longs (you can see QE momo on the upper left), and on the ES longs you can find it on the bottom right

    The QE momo is a similar signal to the one from this 60 Stochastic stockcharts.comimage

    as always I'll confirm this later today.  Note: I have to pick up my daughter around the close -so I may have to confirm this after hrs when I get back

    no changes on the mean

    Posted by matt on 18th of Jul 2024 at 02:48 pm

    no changes on the mean reversion systems - those same systems still looking to take a long trade on SPY and ES, no other systems are triggering even with the lower prices

    I'm not seeing the QE

    Posted by matt on 18th of Jul 2024 at 03:54 pm

    I'm not seeing the QE momo trigger on the SPY now since that bounce off the lows - again this could change over the next 7 min if price pulls back again. 

    the trade is sill showing on ES

    I have to leave - so James will be confirming

    Down the wire on the

    Posted by DigiNomad on 18th of Jul 2024 at 03:55 pm

    Down the wire on the QQQ STS stop! It's gonna be really close.

    Photo finish. I think it escaped stopping out by a whisker. 

    thanks Matt, seems if spy

    Posted by bosco on 18th of Jul 2024 at 02:55 pm

    thanks Matt, seems if spy stays <554 then it's a probable Long!

    James will probably email out

    Posted by matt on 18th of Jul 2024 at 02:59 pm

    James will probably email out the alert as I'll be gone near the close

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