SPY generated an exit signal on the Solas Swing Trading software following yesterday’s upside rally. The latest long swing trade occurred in the shallow pullback S1 strategy and took only 1-day to play out as the market recovered from Wednesday’s pullback in price action to forge new ytd highs and with it an exit signal into momentum.
The trade entry was on yesterday’s open @ 134.57 and exit signal on last night’s close for execution on today’s gap higher open @ 136.53 for a very impressive $1.96 (1.45%) gain.
The Solas Swing Trading software is an end of day mean reversion strategy which generates buy and sell signals following a pullback in price action and exits into momentum as price reverts back in the direction of the dominant trend.
SPY is part of the Solas M Series Portfolio and this trade was executed on a live trading account.
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About the Solas Swing Trading Software (SSTS):
The Solas Swing Trading Model is an end of day trading strategy which delivers high probability trade signals both long & short within a defined trend across the main indices, equities & etfs.
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