3:50pm: Nothing has changed this afternoon. A close above 137 generates a short signal, otherwise the system remains sidelined. I've got a post planned for the weekend which will detail a strategy change in March. I'll send out a tweet when complete. Have a good one!
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The system will try to short again if SPY closes above 137.00.
I just took a small short position this morning as I believe this early strength will not last. This is not a system trade, just a hunch. More later... Happy trading.
The Fed will ensure that it closes above 137 (and Dow above 13k) so we should get ready for a short...
ReplyDeleteWow, we closed below 137...
DeleteAmazing
Stockcharts.com 5:15pm stable price fix (also echoed by another website feed) for SPY at close is 136.93
ReplyDeleteThis is the second day in a row the model literally "turned on a dime". Ten cents on a one hundred thirty plus dollar security is fairly fine tuning.
Great Work!
ReplyDeleteChris
thank you
ReplyDelete