QQQ is sitting pretty close to the weekly body engulfing line discussed previously; where it closes in comparison to that is definitely the question of the morning.
A new type study is below. It shows signal performance of the second character of the FF5 signal. We know today is xCC, so Monday’s signal will be x- something – C. It is easier to understand looking at Classical Specter/FF5 instead of Trend Following.
Awful Classical long numbers, as I mentioned on SeekingAlpha.
The second table shows that any other signal than xCC is pretty good. There is some elevated volatility, mostly on account of xCC which has happened 7 of the 19 times xxC occurred.
From the point of view of holding over the weekend, xCC doesn’t look too attractive.