that system was meeting exit conditions this morning when price
was below the 4 EMA.
remember guys we see that a lot, those
'ghost' signalsthat tend to play out intra day, then go away
after a bounce. For me I've seen too many of those, I take
some profits when I see those.
Plus guys I posted that 5 min wedge mid day, it was a pretty
nice intra day long setup that played out, see 5 min SPY
anyway the system did not close out today because the 'ghost
signal went away from the bounce. That said, PPI tomorrow, and it's
only a matter of time honestly before we get something to stick
What happened today with the market is we bounced off a demand
zone (remember first test of demand gets bought)
also we filled the gap - price hasn't made new highs, it could
still form a lower high here then go back down tomorrow, esp if PPI
numbers are bad
if you find yourself getting too emotional - that tends to occur
near market inflections. I'm serious, if I could poll the website
and compile the answers into a graph, we'd probably find that
extreme emotions correlate well with stops and bottoms
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Closing Green?
System Short
Posted by pep8261 on 12th of May 2026 at 03:32 pm
What a joke. Insatiable demand for stocks.
that system was meeting exit
Posted by matt on 12th of May 2026 at 04:10 pm
that system was meeting exit conditions this morning when price was below the 4 EMA.
remember guys we see that a lot, those 'ghost' signalsthat tend to play out intra day, then go away after a bounce. For me I've seen too many of those, I take some profits when I see those.
Plus guys I posted that 5 min wedge mid day, it was a pretty nice intra day long setup that played out, see 5 min SPY
anyway the system did not close out today because the 'ghost signal went away from the bounce. That said, PPI tomorrow, and it's only a matter of time honestly before we get something to stick
What happened today with the market is we bounced off a demand zone (remember first test of demand gets bought)
also we filled the gap - price hasn't made new highs, it could still form a lower high here then go back down tomorrow, esp if PPI numbers are bad
if you find yourself getting too emotional - that tends to occur near market inflections. I'm serious, if I could poll the website and compile the answers into a graph, we'd probably find that extreme emotions correlate well with stops and bottoms