|
|
SPY SETUP |
ENTRY DATE |
STOP LOSS |
INSTRUCTION: Mechanic signals, back test is HERE, signals are HERE. TRADING PLATFORM: SSO/SDS, UPRO/SPXU |
Non-Stop |
02/24 S |
N/A |
02/23: Close long and sell short, can wait for a few days to avoid whipsaw. |
ST Model |
02/25 L |
*Breakeven |
*Adjust stop loss. |
Short-term |
*UP |
02/18 High 02/24 Low |
Hold both short and long until stop loss being hit. | |
My Thoughts |
The pullback since 02/22 will last awhile but the 02/18 high will be visited in 69 calendar days on average. | |
SHORT-TERM: IF NO NEW HIGH TOMORROW, THEN BEAR MAY STILL HAVE CHANCES
今天没啥说的,一切看明天了,如果明天涨,但不能new high的话,根据N vs N的规则,同样三天,bear advanced more,那么by definition,这是个sellable bounce,熊熊还有希望,不管后天是否有new high。
其他没说的,提醒一下,统计上讲,反转经常发生在三月份,以目前看,应该是top。
INTERMEDIATE-TERM: PULLBACK SINCE 02/22 COULD LAST 4 WEEKS ON AVERAGE, THE 02/18 HIGH WILL BE REVISITED THEREAFTER
See 02/23 Market Recap for more details.
SEASONALITY: FIRST TRADING DAY IN MARCH COULD BE VERY BULLISH
See 02/25 Market Recap for more details.
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.
|