If the Friday daily candle for SPY went to the beach this weekend, some bully would have kicked sand in it’s face. Still, an ugly gain is still a gain. The rally near the end of the day wasn’t difficult to catch, but not an easy day to avoid mistakes if one didn’t sell at the open and buy back at 2:30 or 3:00 EDT.
I submitted an article to SeekingAlpha yesterday night. It introduces trend following voting and some methodology changes. I’ve changed the close weighting to:
(High + Low + Close) / 3.
Still waiting for feedback on it. The daily signal is less important now than consensus between the different lengths about trend following. The current reading is no clear consensus.