3pm Sat: The short signal was confirmed yesterday. The long position was closed for a nice profit and a 50% short position was initiated. It was a strong short signal which simply means my healthy and unhealthy modes were both generating short signals. By design, it's difficult to get a healthy short signal because I developed the healthy mode for the sole purpose of riding uptrends. So confidence is fairly high that we'll see some type of pullback early next week. Stats have also been updated. So far Dec is down a couple percent, but hopefully this short signal can bring it back into the black. Hope you all are enjoying the weekend!
2pm Fri: Right now I am getting a strong short signal.... Here is the system rundown.
If SPY closes at or above 125.60 = Sell longs and go 50% short. (Strong short signal)
If SPY closes 125.17 to 125.59 = Sell longs and go to 100% cash.
If SPY closes 125.16 or lower = Hold longs.
Have a good weekend all!