SPDR S&P 500 (SPY)

[denmo83]

2-bit...

ES 1083.25 is the line that defines the long term trend.

Long above, short below.

youaretheone said nice call. Why? What call did I make?

There is no call to be made. I did not say we are going up. I said long above, short below.

It is what it is. The market does not see the algo and ricochet off said targets. The targets are so important that I've noticed how they meander above and below the targets. I mentioned that yesterday. You just have to come away from ES 1083.25 on the right side of the trade.

What it does is tell you what defines bull or bear.

One more thing to clarify. I haven't just said down for the last couple days. I've been saying down since the top spotters were registered on April 26th at SPX 1219.80. The targets on the way down were hit and passed through, which added to the bear case one by one. First the short term, then iintermediate term and yesterday, the long term. Today, upon recapturing ES 1083.25, the signals switched back to long. We fell back through. Damn market didn't see the signal and the sell short got re-triggered.

We're currently at ES 1081.25.

I don't have to explain what will happen to the sell short signal if we rise another 2 points.