paulyberndt

SPY NEUTRAL WEEKLY

AMEX:SPY   SPDR S&P 500
On the Bill Williams Alley gator trade system
price is currently inside the alligators mouth which
means no trade.Price needs to break the alley-gators jaw, blue line
or take out the top fractal . The awesome oscillator is showing red bars
indicating momentum is slowing and selling pressure. As a longer term
investor I am in cash until market shows its hand. The ATR on the daily is
showing elevated volatility with whipsaw.
Interesting chart, I am going to save this system to study it in ire detail.

Question, in your comment you stated that price has to move beyond the fractal to make it a buy. Do you wait for it to surpass fractal or will just breaking the green MA suffice?

Thanks in advance,
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