Rab120 - I'll just stick to my system. The SPX has been overdue for a 60 min correction, the Daily is also overdue, however, at the beginning of a Weekly Phase 2 they get extended. The last 60 min Phase 2 lasted 24 trading hours, well above the average.
I have a SSO stop loss in at 59.74, that's around the Weekly EMA 3, if the SPX drops below the Weekly EMA 3 that would be an indication of the Weekly going back into Phase 1, I will probably then buy some SPXS.
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