Overnight action has been much stronger than expected. Watch for island reversal today if an upgap goes unfilled, then we will go up much higher in the next few days...
Thanks & Refreshing to hear MOF, The Fed has zero responsibility to save anyone.. Main st, Walll, or Banks.. Markets have not had the opportunity to trade freely since PPT was implemented during the Reagan Admin... So very nice to hear concept of an actual "free market" again! I have a family friend whom has & continues to work for the NY F** now for over 20 yrs as a quant whom writes these very algo`s ... We speak at length during family parties/ Get Togethers etc..,. he would never betray his fiduciary responsibility... but lets just say I can read between the lines fairly well & can see the forest for the trees........... just sayin`.
true, but they do help me. The lines are just linear regression on variable timeframes, with offsets to the highs and lows to define downward or upward regressions in different timeframes.