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I banked 0 points on ES in total today
I have 2 longs in spoos, 4 shorts in spoos & 2 swing positions in spoos open.
1947 became a distant memory as we pushed above. Once it went SU it stayed SU and above the intraday CIT and the ongoing CIT levels.
SYSTEM 69 set it alight like it has done in the past but sadly no retest of Friday’s low or a good low that often one can get before.
SYSTEMS WISE
KTS – Not in play
KTB – KTB will be any day now
BDIP’s – DAY1
DDUD season – DAY 18
$VOLD – Not in play
The KTB is due any day now and can trigger at close on Wednesday if it wants.
DAY SYSTEMS WISE …
The main thing here is that we have put in a spike low and rallied.
We now have BDIP DAY1, so we can look forward to some nice intraday lows, but sadly without a KTS, those lows may not stick and be bought back up.
Ongoing CIT is at 1947 now, so only below that can it fall again.
20 DMA on SPX is currently 1999 and falling. That should provide resistance imo on the first touch.
For now, I am horrifically distracted and as a result keeping my commentary to a minimum as I do not want to miss some SYSTEMS and give a wrong bias. Navnit is back next week and things can get back to normal here.
That in itself has saved me as I do have not have any open shorts past last Wednesday. Thankfully the shorts taken on Thursday and Friday were closed for the +10’s as posted.
I will start building shorts today but initially with the BDIP bias and therefore as +5/+7/+10 scalps only.
Good luck.
K
Plan your trade, trade your plan!
lol Dan, try telling the markets that. Up 80 ES points in a couple of days
The moment I missed what looked like a “spike” low, I was worried.
SYSTEM 69 gave me hope of a good low before this mad up that can come with it.
Sadly rest was history.
I need to be out this morning taking my middle son to a dental surgeon for a forthcoming operation.
I should however be back by mid morning and plan to be here after that.
I will catch up with the SYSTEMS etc. then but for now no matter what SYSTEMS, we have to go with the levels when we get to this mode and for the last 2 days they are above the SU level and ongoing CIT level.
Plan your trade, trade your plan!
CLosing long from 1983 here at 1986.50 for 3.50 points.
That is just plain silly but shows had I closed more shorts and then these came in, what a game it would have been. You cant win them all I suppose.
Short 1986.50 also here for starters.
Last long is from 1998.25.
Plan your trade, trade your plan!
Nasdaq up some 550 points form the low now.
lol Bloomie Bimbo’s will be saying up more than 10% means a new BULL!
Plan your trade, trade your plan!
Well Spoos could perhaps be a double top with August 28th…..
if it breaches it I may have to close some positions….
Held for now…
Right all set in the new thread.
Looks like its all about the BDIP today.
I will know the levels better as support once Cash opens, but looks like we can fill todays gap basis BDIP. More on that near open and with confirmation from GFS hopefully.
SYSTEM MS is not close yet, but the next signal will be a short. However I do see that on Friday it closed donkey on the edge for a long.
So for me its all about building the jigsaw again.
BDIP’s have started, MS’s are again going towards a short, we have a KTB next, but hopefully after that we get a KTS. Then we may need a second KTS and we shall be back to a point where we can short with confidence and run.
The alternative obviously is that this gets stuck at the 20 DMA on SPX and we are ready to fall and retest recent lows (ie this was a technical reaction rally only ie. DEAD CAT))
Plan your trade, trade your plan!
Hope you are all well. I am not up to track with any of your positions currently, but I presume the many are short currently and may have been caught by the spike low on Friday.
I know I keep going on about it but I really wish I was here for that, however I now also need to move on and consider that a missed opportunity (and a costly one)
Plan your trade, trade your plan!
Today we need a group Sell ‘EM.
A Captain is successful if he has the full support, dedication and conviction of his fellow sailors.
Bring it on!
Plan your trade, trade your plan!
1978 is the first support for me
Plan your trade, trade your plan!
I have been tweaking the GFS SYSTEM over the last few months and yielding more “hits” by making some changes.
This can involve giving it longer time.
Under the old SYSTEM GFS has has triggered.
Plan your trade, trade your plan!
Secondary SYSTEM confirms GFS also
Plan your trade, trade your plan!
Right so put simply now …
Go BDIP go!
Plan your trade, trade your plan!
1978 is the first support for me
Broken.
The SU level coming in from yesterday is here now at 1973.
Below this should taken it down
Plan your trade, trade your plan!
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