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Good.  The markets will tank into the close, giving better entries for the SPY System.

Steve, thanks for the big

Weekend Newsletter

Posted by Ray on 3rd of Apr 2022 at 09:23 pm

Steve, thanks for the big picture view, with educational commentary in your comments.  Great newsletter, as usual.  Looking forward to your comments/guidance, as we proceed through the month of April.

Matt, can you take some time and update the current status of the SPY Systems?  The SPY tab shows the SPY ETF with open shorts, the SPY Option has open short trades, and and the MES shows an open short trade.  If I were to "guess", I would say, before today, the only open SPY trade was a MES short.  Now, today, there was a last minute ETF trade (I think a long, but the email did not designate a Call or Put).  You have a lot of subscribers (myself, included) are subscribers mainly for the SPY system trades, and plow a lot more than your recommended amounts into those trades.  Thanks for trying to get this cleaned up......

Very surprising strength, especially the end of the day going into a weekend; given the world events, inflation, fed poor response, etc.  The market ping pong'd between Steve's support and resistance levels all day (thanks, Steve); but, I don't like where it ended, given the System trade.  No help from VVIX, ending at 109.21.  Maybe a resolution next week.  Have a nice weekend!!

So, Matt, Did the ES/MES

Posted by Ray on 22nd of Mar 2022 at 05:17 pm

So, Matt, Did the ES/MES System take another short trade based on 5pm EST close?  I would guess it did, given the day's open to close; but the last hour was a drop, then flat.

I agree.  Really appreciate various projections of market action in this very volatile time.

Combo of Matt and Steve's

SXP 3 with Fibs

Posted by Ray on 10th of Mar 2022 at 02:32 pm

Combo of Matt and Steve's Charts.  On 5 min., broke symmetry, and at 50% Fib

Playing out nicely.  As you said, hit 4291, then pulled back, oscillating between the two supply zones.  I think your early afternoon short is right on schedule!

Went short ES from that

SPX View

Posted by Ray on 8th of Mar 2022 at 03:35 pm

Went short ES from that 4235, and covered at 4185 for the day.  Thanks for the guidance.  Looks like it is even going to go below the 4180 level.

Abolutely!  Your Supply and Demand

SPX View

Posted by Ray on 8th of Mar 2022 at 03:01 pm

Abolutely!  Your Supply and Demand levels have been magnets!

Price knows to follow the script!

Interesting information.  For additional reading,

China

Posted by Ray on 3rd of Mar 2022 at 10:39 am

Interesting information.  For additional reading, check out Ray Dalio on Linkedin.

Nice.  Saw the price move into your box, and it is simply feeling very comfortable in there!

Your targets are great; and

SPX 30 Updated View

Posted by Ray on 25th of Feb 2022 at 03:35 pm

Your targets are great; and always surprising how they act as a magnet!

Well...that breaks the "losing Thursday"

Posted by Ray on 24th of Feb 2022 at 04:01 pm

Well...that breaks the "losing Thursday" string.  I would not have guessed at the open!

Thanks for providing the target!  Nice exit for the night.

Just broke Jan intraday low....

Posted by Ray on 23rd of Feb 2022 at 03:52 pm

Just broke Jan intraday low....

Just goes to show, a blind pig finds an acorn now and then...  A couple of weeks ago, I was trying to find some commodities to jump on Matt's Commodities will rule bandwagon; and bought wheat and uranium,  as those were the only two that were not already out of the gate.  Paying off nicely now.

I didn't see any comments

Posted by Ray on 10th of Feb 2022 at 08:23 pm

I didn't see any comments regarding the FB reversion to mean trade, widely discussed yesterday.  I sold yesterday in advance on CPI, but am considering re-entering.  However, the daily candle nearly touched the 5ema, before pulling back today; so, I am concerned that the MA's may move down to the price, rather than the price rising to the MA's.  Thoughts?

Hypnotic!  I spent the last

Posted by Ray on 10th of Feb 2022 at 04:04 pm

Hypnotic!  I spent the last 5 minutes of the market watching Steve's 15 minute chart, with 15 second refresh rate.  Darn if the market didn't come down to that support line, then close back up to the 61.8% Fib...........

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