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S&P 500 Index
Long
Updated

SPX Update : BUY

762
The SPX is above it's 200 MA , the AK _Trend ID is once again positive , but the S1TH5.17% index remains below 65 . Since we have confirmation from 2/3 signals , we are going long.

Going long at these level may be uncomfortable, but we need to be as systematic as possible and keep our personal opinion and emotion on the side.

I will try my best to update you on the status of this trade .

P.S. I published a blog recently. There's not much on it right now but will have more content very soon .

https://www.passivestor.com
Cheers

Algokid
Note
Quick Update :

The S1TH is now above 65 % , which is the ( recommended) threshold for conservative investor to enter the market.

All three indicators are now confirming a "buy" signal .

Thanks

Algo
Note
SPY still above it's 200 MA
AK Trend ID still positive
S1TH still above 65

Trades remains open.
Trade active
Volatile month. The S&P 500 remains above the 200 MA , the S1TH is above 65 , and the AK_Market Trend indicator is still green . So , this trade remain open.


Algo.
Note
SP 500 > 200 ma
S1TH @ 64.35
AK_Trend indicator is positive

It's like Brexit never happened , trade remains open. :)
Trade active
Trade active
SP 500 > 200ma
S1TH > 65
AK_ TREND ID is positive

So this trade remains active.

Cheers
Trade active
Trade is still active
Trade active
S1TH > 65 and SPX > 200 ma , Risk on , Trade is still active . Cheers
Algo
Trade closed manually
waited three days to see how the market would react to election news ( polls, FBI, etc, etc ) . The S1TH is well below 65 % and keeps going down. The SPY crossed its 200 ma today.
With the election next week, I believe it is wise to be on the sideline (for now). We opened this trade @ 2059.6 and closing it at 2087 ( ish) %1.37..not great , but not bad either.... RISK OFF

Cheers

Algo
Algokid
Also on:

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Algokid
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.