No Follow Up
The Zero shows us almost no participation whatsoever today but that’s not too surprising after yesterday’s jump in volatility. Now it’s never about that first drop lower – what counts is what happens afterward. Now that said, a post-fall-off-the-plate sideways day is permissible, especially if it falls on a Friday.
So let’s see what happens here starting Sunday morning. Right now they may do a bit of a squeeze but Monday will be the big day. BTW, for another reason:
We’re in step 2 of a VIX based equities buy signal – all we need now is lower close on the VIX come Monday.
I would feel a bit more bullish here had the 100-day been thoroughly tested – the weekly NLSL has been touched (I think we missed only a tick) and that satisfies our minimum requirement. But yes, a test of both would have been better, let’s keep that in mind.
Now I sacrificed a lot of virgin chicken burgers to the dark Lord in the past few months but this is getting ridiculous. There doesn’t seem to be any stopping old bucky these days as it just busted through a key LOT resistance line (forgot to make it red – can you forgive me?). Well, this expat’s fingers are crossed but from a trading perspective I would not want to be long here unless we see a last kiss goodbye.
I teased you guys about Thor today in the comment section but I actually really made amazing progress today. It’s far from being completely done but here are three random symbols I pulled up in succession (no cherry picking). Cable – that would have been a nice winner (unfortunately the trigger candle was huge).
EUR/USD still going strong and already earned 1.2R – stop at break even.
Bonds – beautiful campaign – 3R winner.
So please forgive me for not posting any setups today but I think you would agree that it’s in everyone’s best interest if I get a beta version of Thor up and running by Sunday night. So far things are looking very positive – so keep your fingers crossed and perhaps I’ll be able to make a positive announcement on Sunday night.
Fractal Of The Day
Oh, before I forget it – here’s our fractal of the day which struck at 12:00pm EDT:
The current fractal has occurred 60 times in the past.
It ranks as the 177th most frequent fractal during the past 50007 bars.
The next candle has closed higher 38 times, lower 20 times, and equal 2 times.
Frequency of occurrence: 0.12%
Higher/lower ratio: 1.9
Lower/higher ratio: 0.5
Well, you know what happened next 😉
Well, good news all around – let’s drink to that! But not too much as I wrote shitty code when I’m inebriated 😉
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