Trading System Signals on August 15, 2024
- Capstone Trading
- Aug 15, 2024
- 1 min read
The Stock Index Portfolio 18 had its 8th day in a row of equity peaks. The hypothetical trading systems signals today were +$2,170 in the E-minis and +$216 in the Micros. The hypothetical trading systems signals for the One Million MNS 130 was up 1.3% while the hypotheticals for the 250K were +$2.6K
The VIX had its fastest rise and fall in history. A correction that was overdue has been bid up all the way back up to the 61.8% Fibonacci retracement level on the Nasdaq. The liquidity remains the biggest fundamental. The Fed balance sheet is stuck above $7 trillion. The Feds backstop in the stock market runs deep and has made it easy on long trades for a while. The trading system signals took advantage of the sell off, the chop, and now the runup.
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