SPDR S&P 500 (SPY)

[leftyg]

Hi Sammy..If things work the way they should, as the price is reached during the day, and fills the reversal box..there are GTC orders in place to sell the short issue, and buy the long, at the same time. That way I am always in the trend.

There is a risk of a whipsaw, of course.......but lower risks than some other methods if the box size is appropriate. We have been in a downtrend since early June. There have never been enough buyers at the close of day, to trigger a white box. When that happens it is a significant signal..It means there are enough buyers at that price level willing to hold that position overnight, that there is a high probability of a reversal. Most indicators that are constantly discussed are only followers of price. I don't know of any indicator that is equal in value to price itself. Regards.