Works over 80% of the time. Yes, many do trade similarly but these appear to work more often. I noticed that some less correlated vehicles work better as well. For example, FSLY is one of them but I use it to catch the larger moves (swings) rather than the intraday method.
%% -LOL- Thats the US capital markets, easy to make 500/505 mistakes + still make money/LOL Good level anyway= SPY$242.58...………………………………………………………………………………………….
The DJX level was 281.47 and today's low was 281.48. I can't help but think I'm being frontrun, lol. AMD is approaching the long level. Let's see what happens. And for the heck of it, look at the correlated 4 chart method. You can see that a 'simultaneous hit' was formed- the Russell hit a level as well as Transports, which yielded a reversal. Just an observation.
More wins, just as predicted last weekend. 3 signals elected today: BIDU loss, NFLX win, and SPY win. Note that today's low was a double hit on SPY+Russell support (which flipped from resistance)
I told you that I'd gotten my victory speech ready before a single trade was made, so here it is. HAHAHA I TOLD YA SO! $$$$!!!!