BTS is showing that the markets are currently overbought and the mechanical trading system is looking for a short entry. Based on Friday’s close, BTS is suggesting that a close below 1078.60 on the $SPX would be a high probability short going into next week.
BTS has issued 3 trades so far this year yielding about 6% returns on leveraged ETFs and about 18% returns if using a leveraged 3x ETF such as BGU and BGZ.
To read more about BTS you can visit the Trading System page at: http://www.redliontrader.com/trading-systems/beehive/
To review the last trade see: http://www.redliontrader.com/headline/beehive-exits-3rd-position-this-year/
