Today was a great example of the ability to foresee what the market would do even though the trading seemed tentative and edgy with light volume and no apparent direction.
The market is always doing something... ALWAYS.
On of the most fascinating things the Futures Risk Oscillator does is to forecast future price action and breaks. And it does this hours, even days, in advance.
On today's chart we had two "HMH" (Higher Means Higher) peaks in the FRO. The first HMH appeared at 5AM yesterday (Monday 10/12) and the second was at 12 Noon today.
The 5AM high was about 1076.50 and the 12 noon high was 1072 even.
After today's close price popped up to 1081.50.
And we knew it would go above 1076.50.
Did you?
1 comment:
How could one see this strategy operate in real time?
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