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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 |
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 |
Stopped out long position on 03/01 flat. |
Short-term |
DOWN |
02/18 High |
Hold short position 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: DIRECTION UNCLEAR, I’M BEARISH BIASED THOUGH
今天没啥好说的,所以After Bell Quick Summary就免了吧。短期方向不明,只能等看market是先向上突破还是先向下突破了,目前是都有可能。细心点的会发现今天和Jan 31很像,因此明天可能大涨特涨。我的猜测是可能这次不会重复Jan 31以后发生的事情,主要理由是今天的反弹price bar bodies overlap each other,因此可能已经完成了intraday的2 leg up,而不象Jan 31,intraday仅仅完成了1st leg up,几乎guarantee第二天会有2nd leg up。当然,这仅仅是speculation,一切还得看明天,所以let’s wait and see吧。
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. For March seasonality chart please refer to 03/01 Market Recap.
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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