Replies to post #1347 on Trading SPX Cycles

[northam43]

Torqputty - I actually thought that SPXU position was going to be stranded, the breakdown at the close yesterday was a surprise to me, the only reason I bought it was to protect some of the gains that have been made. It seemed like cheap insurance, so it has worked out so far. I am guaranteed a profit on that position at this point, I currently have a sell stop in at 14.45 which is the SPXU 60 min UTL, so each hour I will adjust my stop as the SPXU UTL rises. Hopefully it will take me close to the Daily cycle low.

So atleast I am making a little on the downside, every little bit helps.