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Thread: 20DMF

  1. #1

    20DMF

    The Short signal is at -0.11%.

    The 20DMF will turn short if we close below that level or if the average ETF is above 4%



    Pascal

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  2. #2
    Join Date
    Dec 1969
    Location
    Long Island, New York
    Posts
    515

    Uncanny

    The EV reversal at the end of the day looked as if the big money was treating our sell signal as a buy signal.

    At least we were waiting for an after market close signal, but the real time implications are spooky.

  3. #3
    Quote Originally Posted by Timothy Clontz View Post
    The EV reversal at the end of the day looked as if the big money was treating our sell signal as a buy signal.

    At least we were waiting for an after market close signal, but the real time implications are spooky.
    I believe that EOD trading is mainly algo based: day trading algos, which had been selling all day long needed to re-buy their positions and those who are position-trading have taken note of the four negative consecutive days with the $SPX sitting at its 50MA and on its ascending trend line. This is enough for algos to bet on a reversal here.


    Pascal

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