SPY: Short term view and RgMov readings

This is an example of how you can trade the SPY setup using RgMov and CCI signals.
The strategy is to sell overbought rallies after RgMov puts on a new 44 bar low, until it makes a new 44 bar high, and viceversa.

Specifics of entry and exit are reserved for my trading course students naturally, but you can obtain some tips from Tim West's publications on the subject. To use these indicators you need to acquire the 'Key Hidden Levels' indicator pack though.

To me it's clear we can look to long SDS when SPY gets overbought in this timeframe, and we get signs of weakness.
That would be cheaper than shorting SPY directly, but mostly good for short term operations.
Multiple timeframes are giving bearish signals here, so I think the sell side is the safest one right now.
Although, I expect to see frequent pullbacks on the way down, unless we really see a sharp decline next week.
Keep an eye on the post G20 meeting activity after the weekly open, and specially after Labor day in the US.

Good luck,

Ivan Labrie.
Good job
Thanks, you could look to short it on a drop soon, the idea is to fade extremes following RgMov.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out