July 21, 2017

Short-Term, High Probability Mean-Reversion Indicator – Range Bound Trading Persists

As I have stated over the past few days, a short-term bounce would occur and today the bounce came to fruition. Nothing too exciting, and if you have been reading my commentary over the past few days you know that I think we are still due for a sharp pullback that, in my opinion will occur after the May expiration cycle comes to a close. I would be ecstatic to see this market push even higher and into a short-term overbought over the next few days. A short-term extreme in any of the ETFs I follow in the HPMR strategy would be wonderful for me and for my subscribers. We have all been waiting patiently on the sidelines for several weeks looking for the right opportunity to enter a trade. But, as I always say patience pays. There are … [Read more...]