Updated Monday TQQQ Model
With the Monday following the dramatic Yield Curve Inversion, we could anticipate a down day and that things may not follow as predictably as previous Monday's. Instead of a sustained Monday morning climb, we had a much shorter climb, followed by a drop--then a climb with a sustained drop again. Ultimately TQQQ found it's way back up close to the opening price.
The overall trend though remains similar, so I will include this data in my Monday model going forward. Below is the new updated Monday model using a moving weighted average. Below the model, I have shown a graph of the actual data for 3/25, so you can see how the actual data compares to the model.
Notice how today, we had a spike, then a dramatic fall--followed by a steady climb. Furthermore the low point came much later in the day, closer to 2:18 PM. This still could have resulted in a winning trade. As purchase at 2:18 on any other previous Monday's should have resulted in some gain.
The overall trend though remains similar, so I will include this data in my Monday model going forward. Below is the new updated Monday model using a moving weighted average. Below the model, I have shown a graph of the actual data for 3/25, so you can see how the actual data compares to the model.
Notice how today, we had a spike, then a dramatic fall--followed by a steady climb. Furthermore the low point came much later in the day, closer to 2:18 PM. This still could have resulted in a winning trade. As purchase at 2:18 on any other previous Monday's should have resulted in some gain.
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