Tuesday, April 3, 2018

QLD flat for Wednesday....04.03.18

Funny thing happened after hours yesterday... the VIXEN TF went long. We typically don't see signal changes after the close but that's what happened.  Based on today's QLD action any reasonably adverse trader (see 5 minute chart for the day below) would have bailed any longs early onat the pivot cross, but thanks to the traders still clinging to the buy the dip strategy the Qs and other indices finished in the green.
Was that Turnaround Tuesday? or just bottom fishing before the Trap Door opens. 
For Wednesday QLD is flat although the SPLV signal which I use as a confirming indicator in actual long...so it's anybody's guess.  Good luck out there.