planning to restart my previous series of SPY signal on swing trades. Of course, the system has been updated, which I want to test under public scrutiny. Details to be followed. (or not :-)
Mainly focused on long trades as this is apparently a crazy bull market
as said above , cleared the bullish position because of the unclear direction. If the mkt could rise above 185.6, then will consider re-joining the bulls camp.
the ES low of last night was indeed pierced through in regular trading session today, which I had actually set a limit buy order. But I was chickened out and cancelled the order. Nevertheless, that would have been a DT trade instead of ST that should be my focus.
Tomorrow: 1) rise above 185.22, be prepared to buy; 2) drop below 184.33, the sell-off will last longer
lagged behind the simple B&H strategy now. Now looking back, the market closing yesterday actually exhibited strong intention of turning around from the perspective of CHAN theory. Why did I miss it in the first place? at least my greed of loading in even cheaper price played a big role in the decision and intervened the reading.
The next couple days may be just consolidating to wait for the job numbers on Friday.