At least two algorithms are on a sinusoidal pattern right now. This is not drawn to exact scale, so check back for revisions and a possible addition of a third
When this story left off (1) we were pegged squarely in the profit-zone. Many strategies came out, buying at the bottom selling at the top (2) . Selling the top, buying the bottom (3). IC's. Butterflies. But finally we hit decision time (4) and market wanted more up. As you can see from our previous estimate, we are pegged squarely inside this channel (5) We...
I had a beautiful explanation written here and it was lost. It was about considering how to make income in a stagnant market. Become a seller and write options. This shows a previous strategy that could have been used in the last few days to generate income on your portfolio with a butterfly or iron condor. A future chart will describe this technique in depth....
Barring any shocking political or criminal news, we are entering into a period where I would like to call the Profit Zone. For the next few days we shall be in a period where market support will be tested by the bears. This is where algos shine and devour unseasoned traders like fish jumping up a stream. My idea all begins back in January ( 1 ). Trump is...