-EXCLUSIVE- Last week, we had the first Bandbreaker oversold signal on QQQ since October 2022. This signal was created specifically for QQQ and has a near-perfect score in its history with this ticker. So, we knew that we had a bounce coming in the next three days that would at least take us back to the highest price we've seen on the day of the alert. This target was quickly reached on Monday, but the bounce has continued since.
Quick update before the FOMC press conference
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If I understand the phase angle signal correctly, it also just posted it's first buy signal (or "confidence in buying") since Nov '22?
Kind of upsetting that the new hedge signal would have saved us about half of this drawdown from 48.50-ish levels on UPRO. I hope the explanation will indicate why, and I trust you haven't made changes that "overfit" the model with recent data. I'm sure you haven't used recent price action for training?
Anyway, looking forward to hearing about it, and looking forward to having more confidence in this signal going forward. The track record was really ridiculously good over the past 22 months or so, except for the trade initiated at 48.x levels on the old version of the signal, the one we had to follow until now.
This new one "absorbed" a sizeable dropdown if we pretend it…
I loaded the new WU Hedge signal and the WU IN/WU OUT seems to have changed? I thought WU went IN around 450 but now it shows it is 438. Can you also tell us what the white background it? Is that when it's neutral and the new yellow background is when it is on alert? Is it still within the Bear end signal? I know you're really busy but it would be helpful if you had another video tutorial, maybe year end. Thank you!
I'm looking for the blog post on the updated hedging signal but can't find it... any suggestions?
Hi, I didn't fully understand when the buying window was open.
Is it when the trend has settled, meaning buying based on the 15.00 situation and closing when the red-blue line order reverses? Or a quick trade based on the real movement situation starting from 14.30? Today we had that small whipsaw around volatility peak, and I wasn't sure what period was correct to follow. At the moment the answer seems clear, but I'm asking just to be confident with the following speeches.
I'm sorry to hear about that laborious recoding project! I hope everything goes smoothly going forward without arduous recodings.