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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 |
02/01 L |
Breakeven |
*Since the breakeven stop loss has been set, so no chance to follow this setup as the setup will no longer be valid if breakdown below 02/01 SPY mid price at $130.18. |
Short-term |
N/A |
N/A |
Trend is UP. I hold long position overnight, slightly underwater. | |
My Thoughts |
*Clueless as ALWAYS. | |
SHORT-TERM: COULD BE A BULL FLAG IN THE FORMING, SO ONE MORE PUSH UP AHEAD
今天是不是因为大雪的缘故,感觉就像假日一样,没啥好说的,所以After Bell Quick Summary就免了吧。The intraday chart looks like a bull Flag or Pennant or Descending Triangle in the forming,特别是在the previous resistance上盘整,因此是比较bullish的。两点说明:
- 还是昨天的说法,类似于02/01的strong up很少只有1 leg的,所以chances are good that we’ll see another leg up。
- 如果明天就暴跌,没有one more leg up,就像last Friday只有one leg down (normally should be 2 legs down)一样,那么小心典型的在重要顶部常见的reversal of reversal of reversal pattern。
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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