MONDAY 17/07/17 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR MONDAY 17TH JULY 2017

Hi all,

Recap ….

Intraday wise…. I banked 0 points in spoos today. I have 1 short FTSE, 1 long in Gold, 1 long in Silver, 1 short on Dow, 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 05/06/2017.
It is now negated after DAY7.

KTS
We have a NEW KTS triggered at close on 06/07/2017.
It is now negated after DAY6.

SYSTEM BDIP
We have a BDIP triggered at close on 13/07/2017.
TODAY IS DAY2.

DAY1… We got a low of -3.25.
DAY2…
DAY3…
DAY4…

SYSTEMS TRIGGERED

ESHB

SYSTEM ESL1
MORE CHANCE OF DOWNSIDE THAN UPSIDE, USUALLY TRADE POSITIVE AT SOME POINT, NORMALLY GET -3, IF NO -3 THEN RARELY CLOSE AT HIGHS, UPSIDE UNSUSTAINABLE & CLOSE WITH LITTLE CHANGE ON THE DAY. CHANCES OF -7, -10 & -17 ALSO. THE CLOSE CAN BE VERY ERRATIC. ALSO AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A -3 THE NEXT DAY

ES17
UPSIDE UNSUSTAINABLE AND VERY RARELY CLOSES ABOVE +5

ES96
UPSIDE USUALLY CONTAINED TO A +3, ANYMORE IS UNSUSTAINABLE, USUALLY GIVES -3 AS A MINIMUM

SYSTEM SPXL1
VERY ERRATIC SYSTEM IN TERMS OF HIGH/LOW/CLOSE. USUALLY IS A DOJI DAY WITHIN +5 / -5. TRADING > +5 USUALLY CLOSES POSITIVE, TRADING < -5 CLOSES NEGATIVE. THAT’S WHEN IT BECOMES A TRENDING SYSTEM

SPX 10A
Does not close near highs or lows

SPX96 (KHC-3)
MORE DOWNSIDE THAN UPSIDE, NORMALLY GIVES A MINIMUM OF -3 BUT OFTEN GIVES -5,-7, GOOD CHANCE OF -VE CLOSE, CHANCE OF A GAP DOWN OPEN, THEN TRENDING DOWN DAY, UPSIDE NOT VERY SUSTAINABLE ,NEVER CLOSED > 6.38 AND THAT WAS AN EXCEPTION.

Spoos closed at 2456 (basis Sep)

K+3 = 2459

K-3 = 2453

Conclusion

We have 1 KHC-3 SYSTEM in play. Upside unsustainable as per SYSTEMS ES17 & ES96.

We have a BDIP DAY2 in play.

Plan your trade, trade your plan!

[Khalsa]

Now with crooksday and WNER out of the way, I would love to see this fall away.

No new signal yet and nothing definitive, but we are due a new KTS and we are in a NDIP at the moment, so there are early signs of another CIT.

The problem is that down CIT’s are just sideways moves within a 20-30 point range. Up CIT’s are blast off’s.

 

Plan your trade, trade your plan!

[Author]

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