(See Above) Monday the market traded for the most part in a tight congestion range for the session. Early on the buyers feigned a breakout to the upside which failed. Later the sellers attempted to break the market down and the system gave us a short alert which had limited follow-though. Afterwards, the market remained dull throughout the entire session.
(See Above) Tuesday opened with a bias to the downside but there was limited follow-through. Later the buyers took control and attempted to run the price which gave us a 4 point move and a 2 point move to work with. Another low momentum, low traction day.
(See Above) Wednesday the sellers attempted to control the market the entire session but with limited traction. There were two entries that gave us decent follow-through of 3 and 4 points. The system kept us short the entire session.
(See Above) Thursday the market gave us nothing but shallow ripples to work with for most of the session. The system gave us 2 alerts to short at 2194.50 both of which had limited follow-through only to later missed a move down off that exact same level for a 5-point run down.
(See Above) Friday the buyers attempted to run the price several times. The system gave us 3 long entry alerts the first giving us the best follow-through. The 2nd trade potentially ended in a full stop-out depending on where you got the fill.
Weekly Summary – Performance Stats For Week Of November 28th, 2016
(See Above) The week overall was extremely light momentum, mostly range bound price movement. We did not have a single trending day all week. It was a general down move for the overall market with intra-day sessions of choppy price action with occasional shallow swings. In the end the system alerts averaged 3.5 times more positive traction than. negative traction.