Kudos to MMs

FV, 1136.41. OFV, 1250.41. SPX, 1224.58.

I am going to just post FV and OFV until it makes sense not to. Note they both went much higher as of the close on Friday. Barring very bad news, I would not recommend selling the market here.

 

Not recommend selling yet you are short 3? Units and taking pipe?

 

SPX, 1212.42. FV, 1102.82, OFV, 1204.82 !!!!!!!!!!

Wow!!!!!!!! I still don't say to sell it, but that is the disciplined trade! I can't believe it.

 

Your indicators appear to be lagging the market rather than predicting it.

 

That's useful when your moving average calculator is broken.

 

SPX, 1203.20. FV, 1097.39. OFV, 1199.39.

 

SPX, 1200.91. FV, 1095.00. OFV, 1197.00.

 

Imo, one should not stay short here . OFV and SPX have converged, and yet the edge is still higher on the daily to maybe one week ish time frame. I have to stay short because I am not trading on the OFV time frame, but on the FV time frame. OFV made a huge turn around move, and I suspect that it has reached a temporary equilibrium here, with most of the risk is from SPX going higher somewhere near 1220.

FWIW, OFV may be a perfectly good day-trading swing system, but I am not ready to go there yet.

 

SPX, 1194.09. FV, 1076.23. OFV, 1160.23.

 

FV up, market goes down, FV down, market goes up.