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SPY SETUP |
ENTRY DATE |
STOP LOSS |
INSTRUCTION: Mechanic signals, back test is HERE, signals are HERE. TRADING PLATFORM: SSO/SDS, UPRO/SPXU |
Non-Stop |
09/07 L |
N/A |
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ST Model |
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*Long if pullback to 02/01 SPY mid price around $130.18 or below but still above $127.12. The buy signal was triggered on 02/01 intraday, but since I cannot give an intraday signal so has to wait for the pullback before entering a long position. The stop loss would be 1.9 * ATR(10). |
Short-term |
N/A |
N/A |
Trend is *UP. I hold partial long position overnight. | |
My Thoughts |
Not sure if the much anticipated correction has started, looks like though. | |
SHORT-TERM: THE NEXT PRICE TARGET IS SPX 1314 AND PIVOT DATE AROUND 02/07, BEAR’S BEST BET IS THE VERY HIGH NYADV READINGS
昨天说了,只要今天来个光头光脚的大白棒棒(Marubozo) to new high,熊熊就没戏了,就算明天开始大跌,经历一个1-2-3 trend change也需要几天时间,back test the previous high is almost guaranteed,所以牛牛至少短期内是安全了。
下面的图是关于next price and time target的分析。关于time target,除了图中给出的种种巧合以外,02/04的Non Farm Payroll也往往是pivot day,所以熊熊的best bet可能是要到下周了。
下面的图是熊熊最后的希望,虽然longer history,今天的NYADV读数不算啥,见6.4.1b Extreme NYADV Readings Watch,但是最近还是有点edge的,所以明天如果是小棒棒,就有希望,如果又是一根大白棒棒的话,恐怕intermediate-term target就不是1300的问题了,这个,明天再说吧。
INTERMEDIATE-TERM: IN WAIT AND SEE MODE, WHETHER THE 01/28 HIGHS IS THE WAVE 5 HIGH REMAINS TO BE SEEN
Intermediate-term still in wait and see mode, temporarily bearish biased, see 01/28 Market Recap for more details.
SEASONALITY: BULLISH TUESDAY
According to Stock Trader’s Almanac, first day trading in February, Dow and S&P up 7 of last 8, NASDAQ up 6 years in a row.
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST
- Please make sure you understand how to use the table above. The purpose of this report is to provide info so contradictory signals are always presented.
- Conclusions can be confirmed endlessly, but trading wise, you have to take actions at certain risk level as soon as you feel the confirmation is enough. There’s no way for me to adapt to different risk levels therefore no trading signals will be given in this report except the mechanical signals such as SPY ST Model.
- * = New update; Blue Text = Link to a chart in my public chart list.
- Trading signals in OTHER ETFs table are mechanical signals. See HERE for back test results. 08/31 L, for example, means Long on 08/31.
- UP = Intermediate-term uptrend. Set when I see at least one higher high and higher low on daily chart.
- DOWN = Intermediate-term downtrend. Set when I see at least one lower high and lower low on daily chart.
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