As we noted yesterday, our orientation for entering trades is now to the long side in the S&P 500 futures market.
Our setup was to wait for a retracement >= 50% and enter Long when we saw evidence of substantive Program Buying.
Today, we saw a substantial pullback, but the Buy Programs never kicked on (see graphic below).
We are maintaining our Long orientation and will continue to look to piggy-back any substantive Buy Program runs.
Hope that you find this interesting.
Our setup was to wait for a retracement >= 50% and enter Long when we saw evidence of substantive Program Buying.
Today, we saw a substantial pullback, but the Buy Programs never kicked on (see graphic below).
We are maintaining our Long orientation and will continue to look to piggy-back any substantive Buy Program runs.
Hope that you find this interesting.
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