Hello Everyone,
Quick Comments:
Big snap back rally, reversion to mean move, after yesterday's extremely oversold mid day conditions as the SPX completely filled yesterday's morning gap down and then some. NICE trades by the systems, the McClellan Oscillator Bollinger Bands systems on both the SPX and IWM both closed out nicely today for big one day trades. The SPY System is still long but I may close out 50% of the position should we get a further follow through upside move tomorrow. The SPX retraced 61.8% of of the move off the July 14th highs and pulled slightly the last 30 min of the day. We'll see what transpires tomorrow.
Matt
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7/9: SPX daily DVT = 4260, SPX 2 day DVT = 4232, Weekly DVT = 4057
QQQ daily DVT = 347.6, 2 Day QQQ DVT = 344, Weekly QQQ DVT = 325.2
