SPY – 30 minute
Courtesy of Allan
Here is an SPY_30m chart showing an Advanced GET set-up for Mechanical Sell Signal. In this case, the requirements have not yet all been reached:
(1) Measured 5-wave advance;
(2) Divergence in Elliott Oscillator;
(3) Break-down of Trend Regression Channels.
It still will take a break-down of the auto trend regression channels to trigger the signal. Note that once again, approximately same level that flips the Trend Model to Short will also constitute of break of the channel, at about 110.55.
Allan’s “Trend Following Trading Model,” is based on his trend-following trading system. Most trades last for weeks to months. Allan’s offering PSW readers a special 25% discount. Click here. For a more detailed introduction, read this introductory article.
