I’ve made two trades, with an overall negative result with my
systematic trading strategy, we’ll make it up in the long term hopefully.
I see a stronger tendency in the Nasdaq 100, if the equal
weight ETF close tomorrow above last Friday’s high we may have a new trigger.
There is a well-defined 3 point up trending line that should
hold if the trend is set to continue.
Now it’s the thing, markets tend to move in tandem, however
for the same period the RSP has a different trajectory suggesting a down trend.
Or it can be a long 60% consolidation for the equal weight
SPX, look here, the up trending channel ran for 16 days, the consolidation, if
it is that, is 14 days long. Consolidation moves should not be longer than the
directional move, this week should define the direction.
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