It's Not the Size of the Wiggle That's Important.

It's How You Use It.

VIX echo is still playing out.

5524 would see back to trend neutral.

5420 would see us back down into gap-fill territory.

Hourly

The sell signals are not as robust as our buy signals. We always have to remember the layers. We spent the last couple of weeks talking through the layers to get back above momentum and trend at a daily level. I choose not to flip-flop on this sell signal, and the yellow line is a way for me to rebuild my calls at my preferred daily timeframe.

Daily

My brain doesn’t function well at those shorter timeframes and intra-day wiggles. I have tried many times along the journey, but I am a trend follower. Everything is focused on daily timeframes, and I use the lower timeframes to build up to that. Counter-trend or counter-thesis positions often end in pain for me. This little wiggle yesterday will either hit my stop loss, or it will ride out for a couple of weeks.

Who knows?

Until there is a break in the trend, we are green, and I am only looking for entries into long positions.