The following slider shows some latest forecasts brewed by r.Virgeel on daily time frame: it is almost in realtime, as it shows how the model has acted since the last bottom in 2700 area in late June, starting from the close of latest 27th of June to 18th of July, for 15 bars, so three full weeks.
- in bar #1, you may note that r.Virgeel marks the third consecutive reverse signal: it’s a very clear entry suggestion, at next bar opening;
- in bar #2, we have the confirmation: a reversal bar and the Stop now correctly in place;
- subsequent bars shows how r.Virgeel reacted to some “uncertainties” in the S&P 500 and to the following move.
You may finally note that the weekly forecast encapsulated in the chart has been slower, in this case, to adapt to the evolution of the market.
Even considering the worst entry point at 2716 (the close of the 28th), as the index is now around 2800, the position is 84 points positive, or +3%.