Cycle Trading

[Y worry Murray]

Friday's 5" SPY chart worked perfectly. It produced a sell setup signal on the down cross of the 5" EMA 20 x 60" EMA 20 and simultaneous down cross of the L.RSI 0.9675 0.8 line. Entry would have been at the next down cross of the CCI 14 +100 line which occurred after the DT. However the setup signal was cancelled before the entry occurred because it was not confirmed by the L.RSI down cross of the 0.5 line.