Last Thursday the Seven Sentinels came very close to issuing a buy signal. The upward move that day looked strong enough that I decided to front run the signal and buy the market that day. But BPCOMPQ did not quite reach a buy condition. Even still, I felt the system came close enough and that I was not concerned. Friday proved me correct as the system did indeed reach a 7 of 7 buy condition. Here's the charts:
Four of four in a buy condition here.
Three of three in a buy condition here. We can see that the lower bollinger band dropped low enough to trigger a buy signal as it crossed the signal itself.
Our top 25% are positioned in their typical bullish posture for Monday's trading.
So the SS buy signal is now official. But this market continues to be volatile and I'm watching for a change of character. Bearishness still rises quickly so downside action continues to be limited. I'm all in now, and anticipate a move back to 1100 some time this month.
Four of four in a buy condition here.
Three of three in a buy condition here. We can see that the lower bollinger band dropped low enough to trigger a buy signal as it crossed the signal itself.
Our top 25% are positioned in their typical bullish posture for Monday's trading.
So the SS buy signal is now official. But this market continues to be volatile and I'm watching for a change of character. Bearishness still rises quickly so downside action continues to be limited. I'm all in now, and anticipate a move back to 1100 some time this month.
