Founder's Trading Journal Special Update – 6/21/2021 by AF Thornton Jun 16, 2021 0 Comment The SKEW index, which measures smart money tail risk, just hit the highest level in its history at 161.35. While not a perfect timing indicator, this is not to be taken lightly. It could portend a Fed misstep, but what would that be? If the Fed fails to pull back on QE – is that a negative or a positive? Is the market looking for a hawkish or dovish Fed? This is not an easy call, but the price should tell us, and why I prefer to trade tomorrow.
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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.