The last oversold signal for Exodus occurred in July of 2016. For bulls, it has been a long drawn out climb higher, with an energetic sprint higher after the elections. Our algorithms have been adjusting to recent stress points, as it intuitively learns current market behavior. For the first time in a long time, we triggered an oversold signal on our 3,6 and 12 mo algorithms.
It’s worth noting, however, the principle algo used on the site is the 36mo, due to accuracy and larger data sets.
Nevertheless, the data for the 12mo is impressive, 7 times up and 0 down over 10 trading days.
What does that stuff mean above? It indicates a market that stutter steps upon reaching this stress point for no more than a day, then it’s off to the races. In other words, according to recent history and providing the character of the market remains the same, tomorrow will be an optimal occasion to get long.
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Futures down.
Trump just fired whoever was in charge of futures.
Could be the best line of the year so far.
Futures down waiting for BOJ, yes? If seaweed eaters give MOAR, then carry trade is on again, yes?
Futures trending up and will probably be green by the open. I saw the oversold signal, bought the dip and I’m so excited I can’t sleep! time to bank
Until the OS signals become sell signals… FINE! I’ll trail down my short stop.