The first step towards getting somewhere is to decide that you are not going to stay where you are. Unknown
One of the most important form/report is the “Rules of the Road” document, located in the “Members Vault.” If you have not completed one-now is the time. It is the foundation of your trading/investing strategy.
Tonight I analyze SPX during the 2015-13% Pullback C. We will see if the Simple Simon gave quality entry signals.
1. SPX tested support two times forming a double bottom before breaking out
2. A SS Buy Signal was generated in October when the CMF and MACD Histogram went positive
3. In November, SPX retraced and tested the original entry point.
4. This happens 85% of the time, hence my 85% rule.
In conclusion, the Simple Simon DID generate a SS Buy Signal during Pullback C.
Next week, I analyze the SPX 2015-Pullback D to see if a SS Buy Signal was generated or if it failed miserably.
Enjoy your weekend!
David O. England
Plan your work, work your plan, and share your harvest! Philippians 2:3-4
This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.
DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.
If you have a question or comment, contact David England at firstname.lastname@example.org.
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