MARKET MOSTLY MUTED UNTIL FOMC???

MARKET MOSTLY MUTED UNTIL FOMC???

Good morning RIGD.

Yesterday was an overall snoozefest in the markets and today could be more of the same as the lizards await the Fed’s interest rate decision, projections and the press conference tomorrow starting at 13:00.

Even though it was boring, the RIGD algo still managed to identify a reasonably profitable but flawless (no drawdown) trade.

If you recall from the last report we said:

⚠️ IMMEDIATELY LOGIN TO THE APP WHEN YOU GET A SWING ⚠️

SWING alerts are our highest probability trade and this one was a perfect tag!

The 505 BULL SWING fires at 14:55 on the QQQ.

In the previous 8min the QQQ fell -0.32% for -1.18.

Rapid changes in price like this are an excellent opportunity to catch a bottom and that’s exactly what happened here!

The RIGD algo detects bullish option flow and assigns a high score of 505. The SWING label is added due to the change in price.

This is a perfect setup:

1.) SWING TRADE (high probability)

2.) 505 score (high score = stronger signal)

The market moves up immediately starting at 14:56 for a total move of 0.18% for +0.68.

Because this trade fires during the ENDING period and there’s no time left, the small move from 370.05 - 370.66 results in a 61.06% in 20 minutes or a 56.19% return if sold at the end of the session.

Not bad!

RIGD data shows that SWING alerts are high probability, but we’ve found the most $$$ is made on uptrend or downtrend days.

Trend days are when the price action picks a direction and goes that way the entire day.

We’re working through our docs + guides + case studies now.

Check them out:

Downtrend Day - 9/15 on SPY avg max gain 128.18%

Uptrend Day - 8/29 on SPY 300 - 400% max gains

We also just shipped version 1 of session boxes to the UI which we’ll explain in a future post!

Stay frosty!

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