Posted by miliski2000 on 15th of Apr 2026 at 09:50 am
Based on if the SP500 is in wave 1 followed by wave 2
correction, do you see the bigger gap to fill or just the smaller
gaps. Did a 4th entry on the short trigger.
wave 2's can be quite deep at least 38% but often 50% so we'll
see...
nothing more than 3 entries. I've manually took a bit more
SPXU this morning when the market was up .
That hi mid lo short, I don't see how it doesn't close out with
a loss overall unless the S&P 500 fell 200 points one day. It's
gonna close out on a simple close below the 5 day SMA. A wave
2 pullback should go down more than 1 day. It's one of those
times where astute traders could consider trying to trade outside
the system and hold for a bigger trade to get some profits back or
reduced losses back.
and we've seen how the systems diversify each other - once in a
while you are gonna have a losing trade, just part of trading. But
the other systems made up for it
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Gap fills
VIX 60 min
Posted by miliski2000 on 15th of Apr 2026 at 09:50 am
Based on if the SP500 is in wave 1 followed by wave 2 correction, do you see the bigger gap to fill or just the smaller gaps. Did a 4th entry on the short trigger.
wave 2's can be quite
Posted by matt on 15th of Apr 2026 at 09:52 am
wave 2's can be quite deep at least 38% but often 50% so we'll see...
nothing more than 3 entries. I've manually took a bit more SPXU this morning when the market was up .
That hi mid lo short, I don't see how it doesn't close out with a loss overall unless the S&P 500 fell 200 points one day. It's gonna close out on a simple close below the 5 day SMA. A wave 2 pullback should go down more than 1 day. It's one of those times where astute traders could consider trying to trade outside the system and hold for a bigger trade to get some profits back or reduced losses back.
and we've seen how the systems diversify each other - once in a while you are gonna have a losing trade, just part of trading. But the other systems made up for it