RSI(5) play of the day
is a buy,
based on noconas method and todays gap that needs to be filled
call is for mid-day, using rsi(5) indicator at closing,
S&P and $RUT holding up finely,
position hold 1/4
but will add to long on 2nd day of rsi(5) below 30
based on; i suspect high possiblity for 2nd day rsi(5) below 30,
macd is down and Robert News Q's trendline broke to downside,
(i said spx earlier but it is Q's)
*REGARDLESS* of my downside bias, RSI(5) is in BUY teritory
also look at your support lines(i have not calculated those)
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Maybe Today:
VTO Modified:
Divide the money that you allocate to this system by 3 parts.
Use RYVYX (2x $NDX) to invest.
When daily RSI 5 of $NDX closes below 30 invest part 1 in RYVYX.
If the $NDX closes lower than the previous low invest part 2 in RYVYX.
If the $NDX closes lower than the previous low invest part 3 in RYVYX.
When the daily RSI 5 of $NDX closes above 50 sell all parts of RYVYX.
Make your trades on the day of the signal.
Nocona
