vol surge, maybe a little pullback here first then we'll see.
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If daily SPY completes a bullish MACD cross this time, that will be #39. My system of such crosses is 38-0 over the past 10+ years. It would mean the correction is over and we are gonna run hard.
Interestingly, it would also mean the trin system fails for the first time ever. So that gives me pause. Makes me wonder if both will fail and the MACD cross winning streak ends at 38.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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My instinct, when things don't work for the first time ever or in ten years, is just to sit out in cash and not trade at all. I don't care if I miss a huge win. Just not worth it.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
My other thought is that this (once again) proves the "developing" rule I have that I can have an incredible system that always works, but once I post about it on THIS forum, it immediately breaks.
That's why my best systems I have never posted here at all.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
DellGriffith wrote:My other thought is that this (once again) proves the "developing" rule I have that I can have an incredible system that always works, but once I post about it on THIS forum, it immediately breaks.
That's why my best systems I have never posted here at all.
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Overlay (not percentage) hourly
“Risk on” is strongest in SPY and QQQ; weakest in oil (lime, lower panel) which is still a dead cat
little pullbacks to be expected
“Risk on” detail in HYG junk bonds which today broke above the second double top (daily chart)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Long shot..Watch for dome forming on 2 min SPY. The timing is good now but the domes % of failure is high. I like trading them but sometimes you have to be very quick.Its a long shot but if it forms mkt will dn to the opening. Its called greed.