Still not lovin' this - ST model is cycling toward sell on this long chop - that is unexpected if the Swing MOdel is going to get a buy.
There is still time today to resolve the pattern - maybe tomorrow but it needs to form a Swing low in this timeframe really.
Note. the model doesn't work like TA - it's similar to Chat GPT in that I use statistical inference of a large data set ... I then use TA to 'sanity check' and also as what's calls
a reflexivity component. ( the big difference is I have to do it in my head as I don't have the software, and the inference used is different for markets).
btm line - Ideally we do
setup 1- sharp drop to 3900 and reverse up today or tomorrow - put in Swing low
Or
Model leans to IT sell is forming as said - we could still get weaker bounce with that, but it would be 'out of longs/shortable'.
Edited by EntropyModel, 28 February 2023 - 11:18 AM.