ES1!, S&P 500 E-mini Futures, 1 hr

20220926, ES1!, S&P 500 E-mini Futures, 1 hr

In brief:

1. For SPOT of SPY
Hitting the mid-term support line.
- Average down cautiously is a good way to have SPY, in our opinion.
If you plan to have SPY *** over five years, try 10 % of your total current cash is reasonable here.
- You may take a 2-year loss on the paper. However, the time will justify this.
-- 10% of current cash in the holding SPY strategy, not 10% of total equity.
- Only spot, please.

2. For Contracts
Still in the downward trend, not a good position to do long.
- Yes, you may do long-entry with a good price this time; however, this is not a good idea in the long run.

As a trend follower, this price/position:
a. Holding short position, set stop loss well
b. Do not do the short-entry position
c. Do not do the long-entry long position

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