DSM Target Hit, Trade 2 Closed
I didn’t get to post over the weekend, but based on Friday’s numbers, my target exit price on SPY had decreased from 153.35 to 153.25 for yesterday. The day’s high of 153.36 clipped both of those levels, but ‘25 was the sell point. So trade #2 had a gain of $3.55 (entered at 149.70, exited at 153.25).
The strategy’s position at this point is back in cash, with only a buy point for today waay down there below 146.00. However, that will change with a drop below 151.50, at which point a “re-enter on the resumption of the uptrend” will kick in. These levels will change as newer data is added, and at some point a trade will trigger. Let’s watch.