Course And Heading 09/30/19
The Tide is very difficult to read right now, it's a confused sea. The recent King High Tide peaked at 3020.74 on September 12. At that time the Tide had risen for 37 days and 7%.
Today marks 55 days since the last Low Tide and 18 days since the High Tide reached it's high mark. If we are in a Low Tide we are in a long Low Tide (18 days) as they usually decline for 17 days. If we are still in the High Tide it will be a long High Tide as it will need to exceed 3020.74 to continue.
My guess is we are probably in a Low Tide as Friday's low of 2945.53 wasn't too far off 2923 which would have confirmed the Low Tide. But as I type the S&P is about 50 points from the High Tide peak and about 50 points from a Low Tide confirmation.
It might not be as fun as sailing but the best thing to do is watch from the dock.
Therefore:
No new long positions planned.No short positions planned.Hold and/or sell existing positions. Fair winds and following seas!
Trading Tide Levels:
High Tid…
Today marks 55 days since the last Low Tide and 18 days since the High Tide reached it's high mark. If we are in a Low Tide we are in a long Low Tide (18 days) as they usually decline for 17 days. If we are still in the High Tide it will be a long High Tide as it will need to exceed 3020.74 to continue.
My guess is we are probably in a Low Tide as Friday's low of 2945.53 wasn't too far off 2923 which would have confirmed the Low Tide. But as I type the S&P is about 50 points from the High Tide peak and about 50 points from a Low Tide confirmation.
It might not be as fun as sailing but the best thing to do is watch from the dock.
Therefore:
No new long positions planned.No short positions planned.Hold and/or sell existing positions. Fair winds and following seas!
Trading Tide Levels:
High Tid…