Rivers - Long term I am bullish. My system is indicating that this Bull Market may last to May 2019, with a projected high range of 2486.78 to 3470.39.
I am currently bearish at the daily/weekly level. Right now I have 3 of 4 Daily P1's (down phases) overdue, same with the weekly.
So I am expecting a daily/weekly correction dropping the SPX 100 to 150 points over the next month.
As for buying SPXL(long position). My current buy strategy during this bull market is to add a long position (SPXL) during a confirmed 60-E-1 (60 min extended Phase 1) or a confirmed 60-SC-1 (60 min Super Cycle Phase 1) and then I sell all my long positions during a confirmed 60-SC-2 (60 min Super Cycle Phase 2)
As for buying SPXU(short position). I will add a SPXU position when a confirmed 60-SC-2 reaches or exceeds it's average duration which is currently which is 27.85 trading hours.
I am currently 16.49% short and 5.96% long.
As to your statement "Perhaps you could just get to the point rather than posting a confusing rant". I don't understand where you believe I am ranting. I am just posting my trades as I make them and phase confirmations as they are confirmed.
You seem to be frustrated per your statement "I still don't get it after all this time?" If you have questions about my system, please ask, I am more than willing to try and explain it to you. It's not a hard system P1 is down and P2 is up, I have 4 down & 4 up phases for each time frame (60 min, Daily, Weekly, Monthly, Bull/Bear) = a total of 20 down phases & 20 up phases. As for the confirmation of these phases, I use the EMA 11(high), EMA 11(low), EMA 3, & MACD (12,26,9). I use the EMA 8 to determine OB/OS conditions. The Monthly EMA 3/8 is used to confirm Bull/Bear markets, real simple.
