Founder's Trading Journal Interim Alert – 7/27/2022 by AF Thornton Jul 27, 2022 0 Comment The S&P 500 is already at the top of the Daily Expected Move and up 1.24%. So be careful on longs after the Fed announcement. The market has already moved higher ahead of it. On the bull side, there is still plenty of headroom up to the WEM at 4070. Yesterday’s low at 3913.25 is the line in the sand to resume the bear.
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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.