Live Trading System: hosted by David Lee (Twitter ID: SimpleMoneyZone).
System Update: the stop for SPY tomorrow Wednesday 10/19/2022 is 366.31.
This long was entered at last Friday (10/14/2022) EOD with market closing price. The previous short was also covered the same time at last Friday EOD with market closing price. So both short win and long win. Win win. The system nailed two important low in October in a row.
My comments: My timing model had two important changes today. Short term top target shifts higher and topping time is around 10/21/2022. Long term bear market bottom shifts lower and longer and I do not see market can bottom here anymore. The good thing is we don’t need to fall in love with any forecast and market itself. The timing model has nothing to do anyone’s technical analysis and trading system. I will just use our system to guide and not over think. Knowing the future is useless unless you know with good accuracy and full size action. Otherwise it will bother you more than comforting more. Have a good day everyone!
All the live trades from September can be found in the following link:
Disclaimer: Trading stocks involves high risks and you can lose money. You are responsible for your own investment decisions.