This is day 8 since the IWM signal sent me to a cash position on my daily chart ( VXF) for Risk Management reasons. Also, IWM continues its sideways move (over 5 months now), and still HAS NOT confirmed the SPX new highs. I trade VXF NOT the SPX..... (S Fund for TSP folks) Trades are free and unlimited, if you have settled funds at Vanguard - which I always have some.
Waiting on the next setup that has some better odds based on a trend I can see..... A new rate cutting cycle from the Fed has to be good news for stocks in the ST, but it better be different this time. LOL.... the data is clear why the Fed is starting to cut again..... I'm not Bearish or Bullish - I just trade the trend.... The current VXX pattern, if it repeats, looks like a move up is very close, but I will wait. The VXX smashers has been easy money for the BOTS for sometime now.....
https://stockcharts....788&a=678106938
Edited by robo, 24 July 2019 - 07:56 AM.