WEDNESDAY 25/10/17 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 25TH OCTOBER 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 KTS5 triggered at close on 23/10/2017.
TODAY IS DAY2.

SYSTEM BDIP
NONE IN PLAY.

SYSTEMS TRIGGERED

ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.

SYSTEM ESD
GOOD CHANCE OF -3, -5, PAST -5 GOOD CHANCE OF -7/-10 ETC

SYSTEM SPXD
MORE DOWNSIDE THAN UPSIDE, NEGATIVE BIAS DAY

SPX4A

Spoos closed at 2567.25 (basis Dec)

K+3 = 2570.25

K-3 = 2564.25

Conclusion

We have 1 KHC+3 SYSTEMS in play for today.

We have a KTS5 DAY2 in play.

Plan your trade, trade your plan!

[Khalsa]

Khalsa wrote:

Well at long last the 30-50-70 point SYSTEM down has triggered again. In recent months all it has meant is a 30 point retrace at best. There are many signs we are near another top but there is now way it can be trusted. I have a short from around here from last week still (even a 5 point limit did not hit). It it rallies I will add.

This was my last post here. I remain pretty sure we have topped / extremely close now.

The only thing left is to gain downside traction and not bounce back.

The usual pattern is an early low every day. If we can make a new low after 4pm, that will be another clue.

A realistic target is back towards 2500 now.

Plan your trade, trade your plan!

[Khalsa]

Another clue of a top is the engulfing candle on SPX daily chart.

Plan your trade, trade your plan!

[Author]

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