The oversold condition of SPY yesterday created with a plunge to S6 was reversed today with increasing momentum throughout the day and closing on the near highs of the NYAD.....bullish.
The intradday Ergodic and ADX chart shows in sync behavior suggesting real accumulation not just HFT chatter. We're coming up on the end of the month, typically bullish, so we may see continued strength into next week.
We have a new low volatility QQQ based model (LVQ) that will be one of the cornerstones of the Mosaic hedge fund to be launched in the Fall. The future of the current Mosaic Newsletter and daily M3 updates is under review to determine if they are legally and logistically compatible. Be assured there will be no disruption of the current service without at least 30 days notice.
Tomorrow we'll look at the companion QQQ Ponzo forecast and an outline of a strategy to reap potential benefits with rigidly defined risk.