Pascal
07-26-2012, 10:51 AM
Some back-tests related to day-trades using the negative divergences on the 20DMF have shown that when SPY is close or over its DR3 level, long day-trades should be avoided.
DR3 is 135.91 on SPY. Hence, only short day-trades can be executed... if we see a negative divergence forming.
To enter a short on SPY - or a long SPXU - the best is to wait for a bounce back to 135.91 (1360.15 on the S&P500) on a weak MF.
Pascal
15272
DR3 is 135.91 on SPY. Hence, only short day-trades can be executed... if we see a negative divergence forming.
To enter a short on SPY - or a long SPXU - the best is to wait for a bounce back to 135.91 (1360.15 on the S&P500) on a weak MF.
Pascal
15272