Hello Everyone,
Huge gap-and-go trend day rally with the SPX gaining +1.6% or 102 points, QQQ Nasdaq adding +2.6%, IWM Small Caps +1.8%.
Awesome trades from the SPY/ES mean reversion systems!
Last week we had 3 waves down in a possible ABC pullback, over the weekend Steve went through a myriad of charts. Last week we had buy signals form the VVIX/VIX ratio, and a positive divergence between HYG and SPX.
This week of course is a shortened holiday week for the US Markets for Thanksgiving, and therefore seasonality is also playing out.
have a great night and happy holiday's!
Matt