| Weekly Trend: | Down |
|
| Daily Trend: | Up | |
| Daily Momentum: | ___ | Up |
The daily trend and momentum are now both up. The Systematic Power Setups have turned back on and will start generating signals. I reiterate that this strategy does not use any form of technical analysis, Elliott Wave or discretion. It’s a mathematical algorithm that does not attempt to make future predictions and its sole goal is to ‘go with the flow’ of the market. Since October last year this strategy has performed poorly, or I should say, “as expected” within the market environment that has been made available to us. However, the last 8 months may not be predictive of the next 8. We may go in a straight line to 6000 or higher. Or we may reverse again. The strategy will keep us fully invested as the market moves higher and defend as it reverses.
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