The market has broken through the down trend line on my base
system for SPY (S&P500) suggesting an upbeat note. In my last posting I had
noted that we had still not broken through. That has changed however and I am
now shifting my bias to the upside; albeit cautiously. I picked up some SPY
this morning at market open based on a market order placed last night.
I have another trading system that is quicker responsive on
SPY and I will post the chart on it below the first one. It shows an entry into
SPY a little earlier and the break through the down trend line. It still has
not penetrated the Super trend line that are the flat blue stepped lines that
mark which point I would fully shift allegiance.
Still, I felt obliged to blog mid-week as I have seen a
change and have put money back into the markets. Each trading system on SPY is
very good but they do have some differences… a tale of two systems.
I am also bullish on Ford (F) and TAN. (Solar ETF) and
picked up some positions there this week.
System 1 on SPY
System 2 on SPY
Which one do you Like?
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