Tuesday, August 30, 2016

PONZO Updates and MVP sample runs...08.30.16

Turnaround Tuesday is living up to its name with a single 5 minute up bar at the open followed by a steady erosion of price throughout the day.
The newest Ponzo updates have become bearish in outlook and are punctuated by a bullish forecast for the VIX, suggesting the narrow range trading of the last 5 weeks may be coming to a conclusion.
As always, we'll just try to decipher the data one day at a time and assess the odds accordingly.
I've added an MVP sample tab on the website to showcase some recent studies of both the momentum and mean reversion modes.
Purchase details of the software can be found on the  M3 site CONTACT tab.