The magic is working again today, just at the 50MA.
The only problem is that the MF is almost flat compared to the MF of past days.
I might have to increase the short position if we continue the bounce to the resistance level shown in yellow without any significant positive MF.
Pascal
We can see below that the S&P500 pulled back as soon as it touched the 1625 resistance level.
However, the MF is still increasing. This is not a pattern that allows to increase the short position.
To the contrary, it is a pattern that tells to decrease the short position.
Pascal
Posting Permissions
Reply With Quote