Kudos to MMs

FV 1208.38. SPX 1,207.39.

FV above SPX. I am not going to continue to say that FV is overestimating slightly. I went with this model and so be it.
 
I can't post the value of FV constantly, so instead I will give you an overarching number: CoIntegration between FV and SPX today is close about 98%. As far as my model is concerned, there is zero edge at any point in time today.
 
Aren't majority of MMs using Algo to make markets these days anyway? But I don't see an orderly market anywhere. With volume deprived from day traders, all you have left is computers firing at each other. I guess the good old days of volume trading is gone, swing trade is the way to go but we bear much more risk, especially on an intraday basis.
 
FV 1204.12. SPX 1,210.50.

Out 1207.25. It is not convergence. I am trading FV as the entry, and a new strategy on the exits on the daytrades.

+4.

Back to even over all daytrades.
 
FV 1201.65. SPX $1,216.39.

Edge > 14, so S SPX 1216.39 Sim.

I give 75% odds of 1172 to 1182 SPX by Tuesday of next week.
 
FV 1200.10. SPX 1,206.91.

Edge < 7, so we take profits on the 14 units. Out the Sim swing trade 1206.91, ~ +10.

The swing trades are getting easier, it is the daytrades whose timing I am still tracking better timing. I am getting aaalllmost there.
 
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