Very narrow range in Stock Indexes today relative to earlier this month. One dynamic to consider is how there are many times when the upside becomes limited once the intra-day ranges reach a certain level of compression. The level of compression based on the day session range has occurred very quickly without the same level of rebound we typically see on a counter trend bounce or recovery.
Zig Zag Count indicator yesterday was only 2 while it was 6 today. We have seen a very rapid change from very high Zig Zag levels and what appears to be a quick loss of momentum on the intra-day trend. Some of the perma-bulls are expecting a face ripping rally in the stock indexes, which I don't see, but we will join them on some long trades unless the entire net gain is at night.
Sibilance NQ v24 hypothetical results were -$1,600 after a positive gain of +$2,000 yesterday. This puts the strategy in a -$1,600 drawdown. We are waiting for a steeper drawdown or some really good individual signals to start live on the One Million MNS and 250K.
The hypothetical results for the Stock Index Portfolio 11 was -$2,040 per E-mini and 1/10th per Micro after 4 winning days in a row prior to today.
The hypothetical results for the 50K Portfolio was +$1,145 and on its 4 winning day in a row.
The hypothetical results for the Two System Portfolio NQ was -$3,050 with losses on all 3 trades for V-Reversal (2 trades) and Gap Continuation (1 trade) in a narrow ranging market.
The hypothetical results for the Four System Portfolio NQ was -$2,355 while this portfolio is in a 14.7K drawdown out of max drawdown 28.8K.