Pascal just posted that a 20DMF buy signal may be posted at close. If so, will the Robot be online for that trade?
Pascal just posted that a 20DMF buy signal may be posted at close. If so, will the Robot be online for that trade?
Tim,Originally Posted by Timothy Clontz
That decision would depend upon statistical aberrations still being present or not tomorrow after processing all the data.
Billy
Billy, do you make anything of this positive divergence in cumulative tick vs. IWM price action (attached)? Is it typically something you see near a multi-week bottom, and is it a sign of accumulation?
Thanks.
As a side comment, I notice that although the SPX closed today where it did on Monday, most stocks in the SPX are at least a bit better off than on Monday. This is a promising sign, one that you almost always see at a multi-day to multi-week low, and somewhat suggests that Monday may have marked the multi-week bottom we have been waiting for. But, we will just have to wait and see, as these positive divergences can, even with emotions and price where they are, disappear - especially if today's ES lows get materially breached (which would suggest a re-test of the Monday ES lows). The current market environment is very unique and anything can happen.
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