09/02 – ETF Trading – SPY, SH, SDS

SPY closed lower yesterday (SH and SDS closed higher), nearly triggering our etf trading exit signals.

Our short exit signals for SPY are triggered when the closing price for SPY is lower than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is less than 30.

Our exit signals for SH are triggered when the closing price for SH is higher than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. Trade SDS similarly.

All etf trades are at the market close. Please trade responsibly. Have a great holiday weekend!

Learn why the S&P 500 index is now a good short etf trading opportunity in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day. With easy to follow trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session.

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