Billy, not to be pedantic, but if I read your messages correctly, Robert says the IWM ended above the vol stop on Friday, while you're saying it stalled below. Could you clarify - thanks.
Billy, not to be pedantic, but if I read your messages correctly, Robert says the IWM ended above the vol stop on Friday, while you're saying it stalled below. Could you clarify - thanks.
Adam,Originally Posted by adam ali
On Thursday, 3:00 pm, the (65,5) V Stop was at 69.69. At 3:30 pm, the 30-minute bar closed at 69.81 and reversed the stop. Since then, the high for IWM on Friday has been 70.60 on the opening bar and it closed at 69.79 or only 10 cents above the old VStop. The “stalling” was in reference to action after the open. I was wrong by 10 cents about IWM closing below the old VStop, but it was true for both SPY and QQQ. Certainly not a decisive market “trend reversal" so far.
Billy
Got it - thanks
Billy; Thank you for your very detailed answer. It is very helpful.
Robert
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