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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 |
*UP |
02/18 High 02/24 Low |
Hold both long and short. | |
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: DON’T EXPECT BIG UP TOMORROW, BUT NEW HIGH COULD BE JUST A MATTER OF TIME
今天的大涨,SPY虽然没有能够higher high,但是一般这样的大涨,由于up momentum很strong,因此很少有第二天就fail的,考虑到02/23 Market Recap和03/01 Market Recap的统计都是说the pullback仅仅是个dip,因此现在看起来可能性很大,we’ll see a new high soon。那么,new high后是不是就要go to Galaxy far far away呢?这个,目前还没有证据,所以只能走一步看一步了。一般原则,重要的顶部是reversal of reversal of reversal,因此如果new high后继续这样上下大幅震荡的话,牛牛还是要小心的。
明天是Non Farm Payroll day,generally bullish,不过由于今天TICK closed above 1000,所以明天可能也bullish不到哪里去。此外,老规矩,Non Farm Payroll day的intraday pattern是高开低走或者低开高走。
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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