reading through the blog kudos to mm's by nitro, can't find the page where nfv is explained, is there any place on et where it's covered?
he does not explain it in much detail since it is proprietory. the bottom line is that he has his own formula that predicts where SPX is likely heading short term.
At a guess, I think it might be an the monthly POC and a monthly MA added to each other and divided by two.
leapup, never saw that before, great. runningbear, i'm trying to understand it, i just don't know what will happen if he is caught averaging down repeatedly and the market goes on a big run in the opposite direction. i think i read that the stop loss is 5%.
Will options exp on Friday hold the market at these levels, I dont recall any options weeks that were noticeably down.
last time there was quadruple witching this year, march 19th and june 18th, the markets closed slightly lower.