Hello everyone, quite the sell off today in the market for a variety of reasons from just technicals, to negative breadth, Powell removing the Transitory from inflation (no duh) etc
Anyway all day long the SPY systems were not showing any entries however during the last few min of the day two of the sub systems took second entries, the CCI oversold and the QE BTS. The Trend/Pullback system did not and good or bad I elected not to end out an alert for a 2nd entry because the Trend/Pullback is the one that I sent the alert out for originally on Friday. We are quite oversold in the short term so we could bounce.
https://breakpointtrades.com/blog/post/353624/
It's too late in the day to enter SPY options, they stop trading 15 min after the close
I'm electing to take a 2nd entry on the Trend/Pullback via SSO -it trades until 8 pm in after hrs.
I may elect to take the option trade tomorrow depending on how things go
SSO is trading at 135.57 in after hrs
Matt