Hello Everyone,
Market Comments: Per the weekend analysis we favored a trade low being put in last week (5 waves down). The market pulled back from Tuesday's highs in a 3 wave abc like pattern, which we favor as a 4th wave with another pop higher for a 5th. Tomorrow is CPI inflation data.
Mean Reversion Systems
: CCI Divergence closed out for ES. Additionally, a trend hold condition was generated on the RSI Oversold and QE BTS, which in the past at times as resulted in those systems catching some monster trades where they hold the position for 2 or 3 months.
have a great night!
Matt
