Could you comment more on these inversion days. Not familiar with the term and would like to learn more, thanks a bunch in advance. Just trying to scrounge up any information I can.
Rest of my OEX puts right here near ES 1572 for 90% profits on the premium. That was a nice 33 SPX points ride. Strategy is to reshort any bounce, if it comes. If it collapses, i will relax the rest of the day watching the fun.
Delta day one inversion day today, we did trade below 1477 so no failure. Odds are have a low at 1471 ES now on the way to 1533, short the daylights out of it there.
Look at the A/D line 83% decl vs 15% adv. I would be really really sursprised if we stage a recovery today. Could end up as a down "Trend day" closing at the lows of the day. JMO.
Therin lies the problem with the day one inversion day. It can easily reverse on these cycle turn inversion days, that is how we spot them in an initial analysis, get 10 charts, stack them vertical, look for the high volatility days, align them verticaly and you have found the inversion pattern.
Larry