nmike

MONTHLY CLOUD STILL BULLISH

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
2
I hope this system will help those who are confused by present day FUNDAMENTAL NOISE.If you're trading with weekly or daily charts ,always take a look at a monthly chart and trade with the monthly trend. Above the special CLOUD is BULLISH and below is BEARISH .The 10 MA above / below cloud is a confirmation of the trend.The 3 indicators below are used for filtering or confirmation and or to obtain an earlier exit or entry. Trend lines breaks of the BB%R can be used to obtain warnings or earlier signals,it's also used as above / below mid point signal. CCI (50) channeling gives a good indication of trend. At present I would keep an eye on the 2 trend lines below the BB%R and the 10MA. price below the 10Ma and BB%R below the longer purple line would signal a trend shift.Knowing your basic candle stick patterns is also a plus. You may wish to use your own set of indicators but don't change the CLOUD or MA settings.

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