Yes you are right, there is one word missing here ! I will edit the text. So, in summary, the gap on QQQ of July 12th was filled yesterday. I stated in the last two blog posts we wrote that this would be our first condition to buy. The issue is that although the July 12th gap on QQQ was filled yesterday, the gap that opened on the same day on SPY was not. I was hoping they would both be filled at the same time, although it makes sense that they are not since QQQ was way more oversold than SPY. We will look at what the market does today and some of our data, and we will updat…
How are things looking now? In terms of the thresholds that could trigger a hedging signal?
a bit confused by the wording of the article.
At the start, it says "The gap of July 12th has been filled"
And then, the 3rd paragraph says "Considering that the July 12th gap on SPY hasn't been filled yet.."
Seems conflicting?
What are the names of the two important metrics? Sorry, but I’m a newcomer.