Full Retest Underway

Full Retest Underway

We have breached yesterday’s regular session low, and a full retest of Monday’s low at 4212.75 on the futures appears to be underway. But the put/call ratio is over 1.0 – so watch for the flush. Given the volatility, I will be considering a couple of long calls into the flush, likely with 10 point stops. I will keep you posted.

AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.

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