Commentary

2/8/21 Current Signals xFF/x3

The little pullback into about 2pm was a nice buy setup.

The 14:00 candle stabilizes the very modest weakness. The idea is to buy when the top of the 14:00 candle is penetrated. The green horizontal lines are where a buy would take place and then there is a nice pop into the close without taking any heat. Somehow, things tend to work out when the market is going up.

The tables above cover the last 54 trade days. There is concurrence between the two signals about CO being nice, OC is less encouraging.

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