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J, do you take market volume into account in your system?
Sort of, but only as a measure of capitulation (high volume spikes 2x-3x more than average)Low volume is not considered. I think my model is a day or two or three early shorting here. SPY will probably tag 132 before a good sized pullback. I expect a good covering opportunity next week. I also predict this short trade will be profitable, with a bit of patience.
Low volume is the bane of shorting as low volume gives the market a neutral to up bias...Just a thought :D
Interesting movement so far today.How is your system holding out?