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Until we started into the final 2 hours of today's session, it seemed that the market would close on another strong note today, refusing to go down when market history and the respective probabilities and odds suggested it 'should' at least consolida
I think on Wednesday's session we couldn't have asked for more: S&P 500 and Nasdaq fully complied again to the expected bullish outcome for today's session based on those setups which were triggered at the end of last week and Tuesday's session r
On Tuesday the market was fully compliant again to the -from a statistical point of view and concerning those setups which were triggered on Monday's close- most probable outcome including the underperformanc4 of the Nasdaq compared to the S&P 50
Except a potential higher open for the Nasdaq 100 (but with respect to the higher high), everything else was in compliance again to the -from a statistical point of view and concerning those setups which were triggered on Friday's close- expected out
On Friday the market (SPX, NDX) again complied to the -due to the setup triggered on Thursday's session (the Nasdaq closed up +0.65% on a day when Nasdaq Advancing Issues / Declining Issues closed at 0.63)- indicated positive outcome for Friday's ses
A few days ago Michael Stokes at MarketSci made an excellent post concerning RSI(2) readings, the changing frequency of extreme readings, its (the RSI's) quality of forecast and efficiency of trading short-term mean-reversion in the markets over the
The final hour on Thursday's session made the respective forecast a hit again: 'The setup (SPY opened lower -0.91%, but posted an intraday high of +1.50%) triggered on Thursday may provide a favorable short-term opportunity on the long side on Thursd