Machines are in control

Market continuing to reluctantly and gradually break-down.
Expect extremely choppy trade to continue.

Until there is some obvious catalyst to drive direction, machine-driven trading will continue to dominate the market… oscillating backwards and forwards in tune with large scale hedging activities, and so it would make sense to think like a machine.

Chart of S&P500 for 18 October 2016

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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational & entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

 

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