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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. Short is for aggressive traders only. |
ST Model |
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*Long setup no confirmed and no longer valid. |
Short-term |
DOWN |
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I hold no position overnight. |
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SHORT-TERM: EXPECT A REBOUND AS EARLY AS TOMORROW
So far我对熊熊很失望,no matter how bad the news is,熊熊到现在都不能有个NO PRICE OVERLAPPING的impulse wave down,因此,这一轮pullback能走多远,实在是个疑问。操作上,失望归失望,但是假如牛牛的反弹也是有气无力的样子的话,the trading strategy still is sell the bounce,毕竟现在officially,both intermediate-term and short-term are in down trend。
下面的图显示了SPY自2009年三月以来的所有bullish reversal days,今天算是唯一次,bullish reversal day以后还有个lower low的情况了(so bears finally made a dent),可惜,没法取消周五的bullish reversal bar,因此重复过去bullish reversal day后大涨的可能性依然很高。
下面的图是QQQQ自2009年三月以来所有的hollow red bar at swing low的情况,后面也是大涨。
明天是FOMC,从下图的统计看,基本上也是涨多跌少。老实说,我实在不知道还有什么能bring down this market了。
INTERMEDIATE-TERM: COULD NOT BE VERY BRIGHT BUT STATISTICALLY BULLISH IN 3 TO 6 MONTHS
See 03/11 Market Recap for more details.
SEASONALITY: BULLISH MONDAY
According to Stock Trader’s Almanac:
- Monday before March Triple Witching, Dow up 17 of last 23.
- March Triple Witching Day mixed last 10 years, Dow down 3 of last 4.
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.
- * = New update; Blue Text = Link to a chart in my public chart list.
- UP = Intermediate-term uptrend. Set when weekly buy signal is triggered.
- DOWN = Intermediate-term downtrend. Set when weekly sell signal is triggered.
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