10/27/2020 pressure
I was very happy to see a down market today. Why? most of my indicators were positive on Friday for the Monday open, except the one I’ve been watching closely. It’s the one based on my original pressure calculator.
I also made some adjustments to my other indicators which were showing opposite results all the time.
I did buy a few QQQ calls Friday, but fortunately, they came back to about zero and I sold them before the market dropped again, making it a close to break-even day.
Currently, the indicators are pointing down, including the signal which has called it correctly for many days in a row. So, I say buy some Puts.
Remember, I’m still in the early days of these new indicators, I don’t have enough data for full confidence yet.
